Creditors Liquidation

Generally speaking, anybody who has ever borrowed monies, and is at any time unable to keep up the payments, or when the value of the Asset becomes “Re-Valued” to now become less than the Monies Borrowed, or there is an imminent fear of defaulting on the Loan, or the lender feels the need and “Recalls the Loan,” so that the borrower has to immediately settle the outstanding debt, usually immediately and in full, then the Creditor/Creditors have various means available to enable them to take over control and ownership of the Asset, and should there be deemed some value difference between the current value, and the existing Loan, then they may be able to receive that difference in monies refunded to them, but they still loose the Asset, and have to also reimburse, all related; Court Costs, Fees and Charges, Valuations, Conveyancing, and any other related costs, which often claim any residual value.  Should there still be insufficient value, then the Lender moves on to any other Properties and Assets, Inheritances, claiming these until they are fully satisfied, that the Debts and related costs have been fully recovered.  The Lender has the option of receiving the ownership of the Asset, or they can on-sell it to a third party, thus divesting themselves of the responsibility of the Asset.  Terms used in general to cover this situation are; Repo, Repossession, Liquidation, Creditors Liquidation, Insolvency, Bankruptcy, and any other various term, which cover this vast array of situations where the Lender seizes the Asset of the borrower, and then the ownership of the Asset linked to the Loan, and/or, any other properties owned by the Borrower, are now seized, and one has now lost their hard earned asset or assets, they have just been Liquidated.

Quote; “Using new data on market-based transactions we construct real estate price indexes for Manhattan between 1920 and 1939. During the 1920s prices reached their highest level in the third quarter of 1929 before falling by 67 percent at the end of 1932 and hovering around that value for most of the Great Depression. The value of high-end properties strongly co-moved with the stock market between 1929 and 1932. A typical property bought in 1920 would have retained only 56 percent of its initial value in nominal terms, even up to two decades later. An investment in the stock market index (including dividends) would have outperformed an investment in a typical property (including net rental income), by a factor of 5.2 over our time period.” {Google}

So if your Economy went into the free-fall of another “Great Depression,” and the value of your Assets were half of what they are currently valued at today, and if the “Market” completely disappeared for your fancy; Boat, Car, Motorhome, Super Car, or any other asset, and they were now just regarded as worthless, your “Lender” is still wanting full reimbursement regardless of your current predicament.  Ezekiel 7:19 “They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling-block of their iniquity.”  Ezekiel predicted that a time would come, when money in the hand would have absolutely no value, and it would in essence become a “stumbling-block” and a curse.  It has happened many times in the past, and if it ever happened to come in your lifetime, then who are you holding onto, God, or your silver and gold, for your monies/assets will not be able to deliver anymore in that day.  In the past, take-overs, repossessions and such have been carried out on individuals, Companies, Corporations, and even whole countries are now completely owned by Banks and Creditors, nobody is beyond the clutches of a Bank.  A Mortgage is from the French, Mort=Death and Gauge=Grip, so a Mortgage is from the French to mean a “Death Grip,” and its grip and clutches are at times very deathly, and extremely wide reaching.

Mark 10:21-22 “Then Jesus beholding him loved him, and said unto him, one thing thou lackest: go thy way, sell whatsoever thou hast, and give to the poor, and thou shalt have treasure in heaven: and come, take up the cross, and follow me. And he was sad at that saying, and went away grieved: for he had great possessions.”  Matthew 6:19-21 “Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:  But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: for where your treasure is, there will your heart be also.”  Luke 2:20 “But God said unto him {the Rich Farmer}, [Thou] fool, this night thy soul shall be required of thee: then whose shall those things be, which thou hast provided?”

We can so often perceive that we “Have it all sorted out,” and then along comes a forest fire, a major health crisis, an earthquake, a pandemic, a market crash, your house or business burns down, Redundancy, some event that rocks your whole world to its very core, or even as the “Rich Farmer,” who actually died that very night, and then the parable asks, Luke 12:20 “But God said unto him, [Thou] fool, this night thy soul shall be required of thee: then whose shall those things be, which thou hast provided?”  Preparation for your “Eternity” is so critical, and making “No Preparation” is just as bad as “Insufficient Preparation,” as both means you fail to acquire and attain to Heaven and Eternity, as one has this case, Romans 3:23 “For all [you] have sinned, and come short of the glory of God;” and discover that all your activities/inactivity’s in this life, has meant that this measly life, is all that you have and ever will attain to, has now just been fully experienced.  Those who have prepared and attained to “Eternal Life” will so quickly forget this world, as the unlimited vastness of Eternity is spread before, and all around them.  Alexander the Great conquered the whole world, but perished even before he could even ever get to live in it, and then to ever rule it as its Supreme Emperor, so maybe he should have read the Bible, Matthew 16:26 “For what is a man profited, if he shall gain the whole world, and lose his own soul? Or what shall a man give in exchange for his soul?”  If the “Creditors Liquidate” you, is your Treasure still in Heaven, all safely kept by God for your Eternity, or is all your treasure bound up here in Earth, to become a “Great Loss,” and maybe are you going to also lose your “Eternal Life as well?”  

Matthew 24:44-47 “Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh.  Who then is a faithful and wise servant, whom his lord hath made ruler over his household, to give them meat in due season?  Blessed [is] that servant, whom his lord when he cometh shall find so doing.  Verily I say unto you, that he shall make him ruler over all his goods.”  Question; is your Treasure safely stored in heaven, or is it accessible to earthly creditors?  Matthew 24:44     “Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh.”

What we all need to do is to quickly, “Pay down and to eliminate all Debt,” to live within our means, to even live frugally to quickly clear our “Credit Card Debt” as well as Loans and Mortgages.  Next we need to “Pay Down” our Sin Debt, through repentance and confession, to quickly eliminate our past failings, and then to move forwards with a hand firmly in God’s Hand, to live right, and to place our thoughts and treasures in Heaven, where they are Eternally Safe.  Let us all increase our relationship with God, show by our Righteous Living, by our “Walking by Faith,” in every facet of our Christian Walk, just whom we serve and where our treasure and heart is anchored and stored.  So let us all “Step out in Faith” and “Newness of life.”  Say, If God Liquidated you, what would he find in you, an Asset or a Liability?