Well done for winning in court Ura. So many people fold in that situation.
All debt issue where the Bank doesn't have the equivalent amount of the loan in available funds is basically Usury. Literally a practice that was written into most Religious Texts as a Sin and strictly forbidden.
If a Bank doesn't have the money it says it will lend but pretends it does have the funds in order to issue a 'debt contract' where the 'debt' is repaid solely out of the interest paid by the Borrower at a profit to the Bank - then that's Usury.
These pond scum (Bankers) are as old as recorded History.
Thanks, though I didn't actually go to court - the key is to expose their criminality to them before a court event is organised so that they know they cannot win in court. Yes, the essence is usury and it is hard to tell who among the gov/bank hierarchies actually understands even the basics of the real situation.. but it is clear that those at the 'top' do.
I just wrote about my experience with cancelling alleged 'debts' here.