August 10, 2010
Accepted For Value
We have touched on Accepted For Value (A4V) before, but I don't think I provided a video.
Have a listen to one of the movements' founders, Winston Shrout, as he tells us how it is done.
I have tried this myself, but without success. My mistake was to send the signed remittance (giroslip) to the wrong person. It needs to be sent to the Chief Accountant. Find out who that is and send your A4V to him/her marked "private & confidential". A giroslip, or remittance slip looks almost exactly like a cheque. What is the only thing that brings a cheque to life? Your signature. Remittance slips are no different. Read the Bills of Exchange Act. Learn about species of money. Learn about promissory notes. Know what they know.
Incidentally, HMRC sent me one of these and I accepted it for value and sent it in to them. I have since learnt that if they do not dispute the payment offered within three days, the "debt" is settled. It was more than three weeks before they wrote back and said that the A4V I sent was not acceptable. What they never do is send these giroslips back to you. Why is that? Mainly because they have already been processed, and they have already been paid.
Next week I will be contacting HMRC again to wrap up all the shenanigans. Among other things I will inform them that I settled this alleged debt many months ago. If they deny it, I will ask for my giroslip back. I'll let you know what they say.
You may well wonder why, or how, this system works. The simple fact is that the UK has been bankrupt since 1869. They had to come up with a method for people to settle their debts, after all, in bankruptcy all debts are forgiven. Including yours. What they "forgot" to tell you was how to use the alternative payment methods. Actually, they didn't forget at all. They enacted the Bankruptcy Act in 1869 and the answers lie within. Remember: every statute has the remedy. You just have to find it.
One final point: I only use this method with government agencies. Any liabilities I create on the private side I settle on time, every time. I remain in honour at all times. Accepting for value is both honourable and lawful.
As always, I ask you: what harm can it do to try? They can reject it and you have lost nothing. Many people have sent these in and never heard back from the accounts department of the companies they sent them to.
You have nothing to lose.