This is a re-post of articles about Minnesota State Senator, Sean Nienow and his wife, Cynthia, who, along with their company, National Camp Association, Inc. have been sued by the United States Department of the Treasury for approximately $748,000 in connection with an SBA loan default. The lawsuit was filed January 17, 2014 with the…Read More
You should not have to struggle to settle SBA debt on your own. Instead, turn to one of our attorneys who specializes in SBA OIC and DOT collection claims. We are dedicated to helping you resolve SBA loan default by reviewing whether the SBA debt is legally enforceable against you. The SBA guaranty The federal…Read More
Generally, there are at least seven (7) legal sources to consider reviewing in connection with trying to settle SBA debt, resolve SBA loan default or defend against a DOT collection matter. The seven (7) sources that we believe are essential for research into these important issues are: The organic legislation establishing the federal agency; The…Read More
We provide complimentary Case Evaluations for SBA and/or DOT federal debtors all over the United States having problems with “past-due” federal debt. In many of our Case Evaluations, we are always asked to explain the process of our services and how we may be able to help them with their SBA or DOT collection problems.…Read More
If you are either considering contesting an SBA debt or DOT collection problem without “licensed” professional representation (which actually means hiring a federally authorized SBA Workout Attorney or Treasury Department Practitioner) or by “doing it yourself” then we ask that you take a look at a basic maze dealing with a specific aspect of federal…Read More
We often provide complimentary case evaluations for SBA loan debtors who are currently dealing with the DOT (Department of Treasury) for an old SBA debt that the DOT claims is “due and owing.” More often than not, when the Firm is hired, we not only try to obtain the client’s documents from their former “non-attorney”…Read More
An obscure law could soon result in smaller federal benefit and entitlement checks for hundreds of thousands of Americans who owe the U.S. money from defaulted loans and other debts, such as SBA loan debts, more than a decade old. Generally speaking, several federal entitlement incomes, such as Social Security benefits or military retirement monies…Read More
You should not have to struggle to settle SBA debt on your own. Instead, turn to one of our attorneys who specializes in SBA OIC claims. We are dedicated to helping you settle SBA loan default by reviewing your case under Federal False Claims Act guidelines and key points. I. THE FEDERAL FALSE CLAIMS ACT…Read More
Mark Cuban won a years-long fight with the federal government agency, SEC, Wednesday when jurors said that the billionaire basketball team owner did not commit insider-trading when he sold his shares in an Internet company in 2004. Cuban hugged his lawyers after the verdict, then called family members. During an impromptu news conference outside the…Read More
What SBA Borrowers, Obligors & Personal Guarantors Should Know About SBA 7(a) and SBA 504 Loan Defaults, Lawsuits, Liquidation and Liability
The SBA has been providing small businesses with loans since its creation in 1953. The SBA provides loans to businesses by backing lender-issued loans and guaranteeing payment of the loan in the event of an SBA loan default. Guaranteeing the loan means that, should the business default on the loan, the SBA will guaranty the…Read More
Excerpts from the United States Attorney’s Manual regarding their policies with respect to SBA loan default & debt
Below are excerpts from the United States Attorneys’ Manual relating to several key policy treatment by the Department of Justice lawyers with respect to non-tax federal debts, such as SBA debts. Key provisions that SBA debtors should, at the very least, familiarize themselves with are noted below: 3-10.120 Nationwide Central Intake Facility Commencing on October…Read More
Did you know about the Federal Law passed in 2008 & signed into law by the United States President which can eliminate your SBA statute of limitations defense?
Under the Federal statute of limitations (28 U.S.C. 2415(a)), an action by the Government to recover upon a contract is barred unless filed within 6 years from the date a cause of action occurred. The date of the accrual of the cause of action may be subject to various interpretations. However, in the event of…Read More
Helping provide real solutions to individuals who are facing SBA loan problems. Contact one of our experienced SBA Attorneys and Federal Agency Practitioners today for a Free Case Evaluation - (833) 428-0933.