Posts by SBA Attorneys
Why You Should Not Prepare An SBA Offer In Compromise By Yourself Or Hire A Non-Attorney Company To Help With The Submission Of An SBA OIC
SBA Offer in Compromise Fraud: Why You Should Not Do It Yourself or Hire a Non-Attorney? If you have received either a letter from the SBA lender or CDC calling for a default, electing to accelerate the SBA loan balance and a demand for payment or the Official 60-Day Due Process Notice from the SBA,…
Read MoreCommentary on the Government Shutdown: Seize the opportunity to settle your SBA or Treasury’s Bureau of Fiscal Service Debt
The government shutdown began December 22, 2018 after Trump and congressional Democrats could not agree on funding for the president’s long-sought southern border wall. Trump and Democrats have remained at a stalemate with no discernible progress in sight. https://sba-attorneys.com/wp-content/uploads/2019/01/commentary-on-the-government-shutdown-seize-the-opportunity-to-settle-your-sba-or-treasurys-bureau-of-fiscal-service-debt.mp4 The president told Democrats he was willing to have the government shut down for “years” over his…
Read MoreCHALLENGING ADMINISTRATIVE WAGE GARNISHMENT NOTICES OF SBA DEBTS REFERRED TO TREASURY’S BUREAU OF FISCAL SERVICE
What is the difference between a garnishment and an Administrative Wage Garnishment (AWG)? Garnishment allows a creditor to recover from a debtor through an attachment of property in possession of a third party, and wage garnishment is when that property consists of the debtor’s wages in the hands of his or her employer. https://sba-attorneys.com/wp-content/uploads/2019/01/challenging-administrative-wage-garnishment-notices-of-sba-debts-referred-to-treasurys-bureau-of-fiscal-service.mp4 Administrative…
Read MoreHow will the government shutdown affect your SBA loan or Treasury’s Bureau of Fiscal Service debt?
With the government shutdown currently in effect and no plans to negotiate a compromise between Trump’s administration and Congress until after Democrats take control of the House of Representatives in January 2019, operations may run a lot slower at the SBA and U.S. Department of Treasury’s Bureau of Fiscal Service (Treasury/BFS). However, this does not…
Read MoreSBA Loan Repayment Options: Federal Debt Issues & Strategies
This blog article explains your SBA Loan Repayment options to address your problematic SBA loan. Also covered are ways to potentially get out of SBA loan default short of paying past due amounts and details about the federal government’s collection methods.
Read MoreSBA Loan Default: Fraud By The Original Seller Of The Small Business
As a responsible party (stemming from an SBA Note or SBA Unconditional Guarantee) for an SBA loan default or SBA debt that has been transferred to the Treasury’s Bureau of Fiscal Service, you may want to consider challenging your liability for the alleged debt by investigating whether the original seller of the small business that…
Read MoreThe Dangers of an Asset Dump and Buy-Back Strategy to Escape SBA Loan Debt
SBA Loan Debt: Asset Dump & Buy-Back Strategy
Read MoreAre SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy?
Are SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy?
Read MoreUnderstanding the SBA’s Form 148, Unconditional Guarantee, and SBA Form 148L, Unconditional Limited Guarantee
Required Guarantee Agreements and Collateral Documents for participating SBA Lenders originating 7(a) Loans and Certified Development Corporations issuing SBA 504 Loans.
Read MoreSBA Offer in Compromise vs. Bankruptcy
SBA Offer in Compromise vs. Bankruptcy If you are liable for an SBA debt due to a breach of an SBA loan agreement or personal guarantee, you may have to consider a couple of resolution options. Your options may be to explore an SBA Offer in Compromise, a Treasury Department (DOT) Compromise Offer or a…
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