#Loan Default - Ricky Bobby

19 messages · Page 1 of 1 (latest)

hardy sedge
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Greetings,

Rick Bobby has an expired loan of 5700 euro with the First Panda Bank and went inactive without notice.

I would like to start the procedures to seize properties worth the value of the debt minus sale taxes depreciation (stuff I sell will be taxed) and minus the amount the debtor has in his account (which I would like to receive).

Thank you.

nimble venture
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I dont believe this needs judge approval as it is for an overdue loan, so you will just need to work with an executive to manage the collection of goods and such

hardy sedge
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Alright. Thank you!

frigid jetty
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Looks like he has 2515.78 euros, plus a number of properties and vehicles. Which of his properties do you want to make up the difference?

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Also I should point out that Ricky Bobby has only been offline 2 days, have you attempted to reach him through discord in case he comes back? Feel like its worth at least pinging him @spiral sundial

inner saffron
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@nimble venture i don't have an example for "issuance of an administrative act" in mind, but default on a loan is probably not it

nimble venture
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Issuance of an administrative act would just be the action of taking the money/property to pay for the defaulted loan

inner saffron
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so if one of my town's citizens defaulted on their debt, our constitution says it's the mayors duty, to collect that money?

nimble venture
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Yes, this is where it all falls to the lowest level jurisdiction. You would collect the money and give it to the bank, as the loan still needs to be paid off

inner saffron
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but if i decline to do so, the federal government, aka the minister of finance, may assume my duties in collecting it?

nimble venture
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Generally yes, I'd have to search for where it says that

inner saffron
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§4.4.2 i guess

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i wonder what those financial ressources are, that the federal government might be giving me ~

nimble venture
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That would be if they are giving you any, they can withhold lol

inner saffron
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spoiler: no city receives a single cent so far. on the flipside: fed aren't getting any either!

hardy sedge
inner saffron
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you shall have that. if i'm interpreting this all correctly, i don't need the judge to sign off on it, if it only involved the bank account

frigid jetty