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Let Us Settle SBA Debt For You - Win Your SBA Loan Default or SBA OIC Case

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:

  1. The organic legislation establishing the federal agency;
  2. The applicable portions of the Federal Administrative Procedural Act (APA);
  3. Other legislation that may be applicable to the federal agency;
  4. The rules enacted by the federal agency (which may be interpretive and substantive);
  5. Federal and/or State constitutional requirements;
  6. Adjudication decisions resolving disputes of the federal agency; and
  7. Court decisions interpreting or evaluating any of the aforementioned sources.

When locating certain research sources to settle SBA debt case or defend against a DOT collection matter, we often break our initial research into two (2) parts:

Legal Research Sources Internal to the SBA:

  1.  The agency legislation -  The Small Business Administration (SBA) was created by the Small Business Act of 1953 and derives its present existence and authority from the Small Business Act (15 U.S.C. 631 et seq.) and the Small Business Investment Act of 1958 (15 U.S.C. 661 ).
  2. Agency Rules – The Code of Federal Regulations (CFRs) are rules actually promulgated by several federal administrative agencies.  For the SBA, the important CFRs that should be initially reviewed are as follows: 13 CFR 101-147 (CFRs applicable to SBA).  The other rules that qualified counsel should review are the internal rules enacted or adopted by the federal agency.  In this instance, the SBA Standard Operating Procedures are very important internal rules that need to be reviewed in connection with any SBA decisions or actions relating to your SBA loan default, SBA OIC or your DOT collection case.  These SOPs can be found here:  (SBA SOPs).
  3. Agency adjudications – Many SBA agency decisions or “adjudications” are reviewed by the SBA Office of Hearings and Appeals (SBA OHAs).  To begin any preliminary research, qualified counsel should consider reviewing applicable decisions that may cover a particular SBA issue.  SBA OHA decisions can be researched here: (SBA OHA Decisions Research)

Legal Research Sources External to the SBA:

  1. APA – federal or state.  For SBA matters, it is important to take a look at the Federal Administrative Procedural Act.  The State APA probably would not apply to federal SBA matters.  As such, it’s best to begin your preliminary research here:  (Federal APA
  2. Other legislation which may be applicable to the Federal Agency – for SBA debt-related cases, it is important for qualified counsel to be familiar, at a bare minimum, with the following administrative legal resources: (22 CFR Part 512), (31 CFR Part 285), (31 CFR Part 200-413), (13 CFR Part 102), (5 U.S.C. Section 552), and (5 U.S.C. Section 552(a)
  3. Constitutions – Federal, State or both
  4. Court decisions – Federal sources

Hence, there are several branches of legal resources and authorities which need to be researched and reviewed when dealing with any SBA loan default, SBA OIC or DOT debt collection matter.  To say that it is okay to simply ignore these important resources, then any SBA or DOT debtor told to do so, has been advised by the non-attorney salesperson who simply does not know what “he” is talking about, and in all reality . . . is providing not only irresponsible advice, but also negligent counsel.  Typical . . . I guess for a “non-attorney” who neither has a doctorate, passed a bar exam (or multiple bar examinations), practiced law for several years (but is trying to do so in an arguably unauthorized and illegal fashion) nor worked with such important federal agency issues.  Generally, when you don’t possess something . . . human nature tells you to criticize what you don’t possess.  It’s nothing more than a “defense mechanism” in order to deal with a severe inferiority complex

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 & DOT debt claims. We are dedicated to helping you settle SBA loan default and/or federal nontax debt with the DOT.

If you are struggling with circumstances that involve SBA loan default and/or a DOT referral, you deserve professional help! Our attorneys all know how to win SBA OIC and DOT compromise cases. If you contact us, we can help you settle SBA debt once and for all. After you schedule an appointment, you confer with a devoted SBA OIC lawyer and/or United States Treasury Dept. Practitioner who will help you through your administrative legal battle. After your claim is resolved, you will never again have to worry about your SBA loan default problem and/or DOT collection claim haunting you. Our team of lawyers has assisted many clients through the years. Now it is your turn! You truly can resolve SBA debt and/or DOT matter for good!

Why Hire Us to Help You with Your Treasury or SBA Debt Problems?

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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

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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

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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.

$364,000 7a LOAN - Release of SBA Mortgage on Real Estate

$364,000 7a LOAN - Release of SBA Mortgage on Real Estate

Our firm successfully resolved an SBA 7a loan in the original amount of $364,000 for a New Jersey-based borrower. The client filed Chapter 7 bankruptcy but the mortgage on his real estate securing the loan remained in place. The available equity amounted to $263,470 and the deficiency equaled $317,886.

We gathered the pertinent documentation and prepared a comprehensive collateral analysis. We negotiated directly with the SBA, obtaining a full release of the mortgage for $80,000.

$383,000 SBA 7A LOAN - NEGOTIATED RELEASE OF LIEN FOR CONSIDERATION

$383,000 SBA 7A LOAN - NEGOTIATED RELEASE OF LIEN FOR CONSIDERATION

Clients executed several trust deeds pledging seven (7) real estate properties and unconditional personal guarantees for an SBA 7(a) loan from the participating lender. The clients' small business failed and eventually defaulted on repayment of the loan exposing all collateral pledged by the clients. The SBA subsequently acquired the loan balance from the lender, including the right to liquidate  and collect all pledged collateral pursuant to the trust deed instruments.

The Firm was hired to negotiate separate release of lien proposals for all 7 real estate properties. In preparation for the work assignment, the Firm Attorneys initiated discovery  to secure records from the SBA and Treasury's Bureau of Fiscal Service. After reviewing the records and understanding the interplay between the lender and the SBA, the attorneys then prepared, submitted and negotiated the release of lien (ROL) for each of the 7 real estate properties for consideration.

After submitting the proposals, the assigned SBA Loan Specialists approved each ROL package - significantly reducing the total SBA debt claimed.

$220,000 SBA 7A LOAN -DOT WAIVER OF ADMINISTRATIVE FEES & COSTS

$220,000 SBA 7A LOAN -DOT WAIVER OF ADMINISTRATIVE FEES & COSTS

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.

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