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Private Offset Bond

This is a discussion on Private Offset Bond within the Other Business & Finance Law Issues forum, part of the BUSINESS & FINANCE LAW category; If someone's familiar with a PRIVATE OFFSET BOND, could they give me an explanation of said instrument?...

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Old Feb 5th, 2008, 03:16 PM   #1
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If someone's familiar with a PRIVATE OFFSET BOND, could they give me an explanation of said instrument?
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Old Feb 7th, 2008, 09:25 AM   #2
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In what context?

What is happening?
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Old Feb 13th, 2008, 07:50 PM   #3
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If someone's familiar with a PRIVATE OFFSET BOND, could they give me an explanation of said instrument?
It appears that if a person owes a debt, or thinks that in the future he will become liable for a debt, that by posting a "private offset bond" with a fiduciary, that fiduciary becomes a trustee of the funds represented by the bond and the debtor authorizes the fiduciary (trustee) to pay from the value of the bond those legitimate debts incurred by the debtor.
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Old Feb 18th, 2008, 11:32 AM   #4
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Similar to any kind of escrow to pay upon the happening of certain events...

It certainly can be done.
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Old Jun 4th, 2008, 12:33 PM   #5
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As a private flesh and blood human of the earth, I was wondering if you could provide some direction to gain information on how the private offset bonds work and how to set up the process so that a single party could utilize it since they are part of the bond.
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Old Sep 11th, 2008, 07:54 PM   #6
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Default Re: Private Offset Bond
A Private offset bond is a bond issues and backed by the treasury. It can be used to discharge all debt public or private.
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Old Oct 18th, 2008, 02:37 AM   #7
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A Private offset bond is a bond issues and backed by the treasury. It can be used to discharge all debt public or private.
i have 2 bonded promissory notes with the 12th distric federal reserve 1,000,000.00 . one was sent to my 1st mortgage holder and the second to my bank for a home equity line . my bank aknowledges that it is a legit document but told me they will not offset ,ledger, monitize the bond due to thats not how they handle ledgering of their books in that way . i also sent a 1099 oid to the irs . any or suggestions on how to work this out with them the bank,would be appreciated.
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Old Oct 19th, 2008, 11:31 AM   #8
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normally these are just fraudulent docs used by people to scam you

have a reputable lawyer review anything where this is being discussed with you
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Old Oct 19th, 2008, 04:33 PM   #9
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WoW!!! has anyone monatized one yet? is there someone who really knows how this prosses truly works and why it works,
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Old Oct 19th, 2008, 04:42 PM   #10
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You can't, its a scam avoid!!!
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