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Posts by SBA Attorneys

Commentary 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…

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CHALLENGING 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…

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SBA 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. Video Transcript   The transcript of the video follows below for further review. This…

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SBA 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…

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The Dangers of an Asset Dump and Buy-Back Strategy to Escape SBA Loan Debt

SBA Loan Debt: Asset Dump & Buy-Back Strategy Video Transcript   The Dangers of an Asset Dump and Buy-Back Strategy to Escape SBA Loan Debt There are some non-attorney loan workout companies out there that are actively promoting an asset protection plan for small businesses with troubled SBA loans wherein the small business transfers its…

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Are SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy?

Are SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy? Video Transcript   The transcript of the video follows below for further review. Are SBA Loan Debts Dischargeable in Chapter 7 Bankruptcy? The short answer to this commonly-asked question is – generally, yes.  But, there are significant risks that SBA business owners, SBA guarantors and SBA…

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Understanding 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. Video Transcript   In order to secure SBA guaranteed loans originated by SBA 7(a) Lenders or SBA 504 debenture-guaranteed loans serviced by Certified Development Corporations (CDCS), the SBA issued the Unconditional Guarantee (Form 148)…

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