What Happens If a PPP Loan is Not Forgiven?
If your application for PPP loan forgiveness is denied by the SBA you have appeal rights. Learn more about how to assert your rights to an appeal.
You can stop an administrative wage garnishment by proving you don't owe the debt, the amount claimed is wrong, it would constitute a financial hardship.
Book a Free Consultation CallHow Do I Stop An Administrative Wage Garnishment
You will receive a notice from the Bureau of the Fiscal Service stating that the Treasury intends to garnish your wages. Thereafter, you must submit a hearing request prior to the date stated in the notice. Moreover, if you fail to submit your hearing request timely, the Bureau of the Fiscal Service will issue an order to your employer to start garnishing your wages. However, an order will not issue until you have had a chance to be heard but only if you submit your hearing request on time.
You may present evidence and arguments proving that you do not owe the debt. However, you must provide evidence as to why you do not owe the debt. For instance, you may have been released from the debt by government agency that claims you owe the debt. Likewise, you may have paid the debt in full. You may have a myriad of legal defenses that prove you are not liable for the debt.
Furthermore, you may owe some or part of the debt, but not the amount the Bureau of the Fiscal Service alleges. As such, you may have records of payments you made towards the debt that show a lesser amount. Or you may have evidence that the government sold certain collateral, which paid down the amount of the debt. In any case, you will need to present evidence as to why Bureau of the Fiscal Service's claim is inaccurate.
In addition, you may claim that the proposed administrative wage garnishment would create a financial hardship. However, you must submit a personal financial statement and supporting documentation. The financial documentation must show that an administrative wage garnishment would not allow you to meet your basic living needs. These needs include food, housing, utilities, transportation, medical care, and other living essentials. It does not include such expenses as funding your 401k, your child's private school or college tuition, excessive housing costs, credit card debt and other expenses.
Protect Law Group's assertive attorneys are experienced in defending clients in administrative wage garnishment hearings. Our attorneys provide you with the best possible chance at winning by marshaling favorable evidence and presenting well-researched legal defenses. Contact us today for a free initial 20-minute consultation.
Millions of Dollars in SBA Debts Resolved via Offer in Compromise and Negotiated Repayment Agreements without our Clients filing for Bankruptcy or Facing Home Foreclosure
Millions of Dollars in Treasury Debts Defended Against via AWG Hearings, Treasury Offset Program Resolution, Cross-servicing Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements
Our Attorneys are Authorized by the Agency Practice Act to Represent Federal Debtors Nationwide before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service.
Client personally guaranteed an SBA 7(a) loan to help with a relative’s new business venture. After the business failed, Treasury was able to secure a recurring Treasury Offset Program (TOP) levy against our client’s monthly Social Security Benefits based on the claim that he owed over $1.2 million dollars. We initially submitted a Cross-Servicing Dispute, but then, prepared and filed an Appeals Petition with the SBA Office of Hearings and Appeals (SBA OHA). As a result of our efforts, we were able to convince the SBA to not only terminate the claimed debt of $1.2 million dollars against our client (without him having to file bankruptcy), but also refund the past recurring amounts that were offset from his Social Security Benefits in connection with the TOP levy.
Clients personally guaranteed an SBA 7(a) loan that was referred to the Department of Treasury for collection. Treasury claimed our clients owed over $220,000 once it added its statutory collection fees and interest. We were able to negotiate a significant reduction of the total claimed amount from $220,000 to $119,000, saving the clients over $100,000 by arguing for a waiver of the statutory 28%-30% administrative fees and costs.
Clients personally guaranteed SBA 7(a) loan balance of over $300,000. Clients also pledged their home as additional collateral. SBA OIC accepted for $87,000 with full release of lien against home.
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