If you Owe more than $30,000 contact us for a free case evaluation at (833) 428-0937
contact us for a free case evaluation at (833) 428-0937
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Section 5 of the DATA Act requires the SBA to refer for Treasury Offset Program SBA debts that are 120 days delinquent

We help people with the Treasury Debt problems by teaching them about a DOT compromise package and about various SBA loan problems

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Section 5 of the DATA Act requires the SBA to refer for Treasury Offset Program SBA debts that are 120 days delinquent

The Digital Accountability & Transparency Act & Its Impact on SBA debts referred for Treasury Offset Program

We provide individuals with solutions whose SBA debt problems are referred to Treasury for collection. For instance, we will help you understand different solutions to  your Treasury Debt problems and will teach you about an DOT compromise package.

The Digital Accountability and Transparency Act (DATA Act) of 2014 was signed into law on May 9, 2014. Section 5 of the DATA Act, which amends 31 U.S.C. 3716(c)(6), requires federal agencies to refer to the Treasury Offset Program legally enforceable non-tax debts (such as SBA debts) that are 120 days delinquent for administrative offset, versus the previous 180 day delinquency requirement. In addition, the DATA Act requires the Secretary of the Treasury to report to Congress "any instance" in which agencies fail to meet the new referral requirement.

The Bureau of the Fiscal Service's (BFS) Debt Management Services (DMS) is currently reviewing its policies, guidance, processes and systems as part of its implementation of the new 120-day referral and reporting requirement for administrative offset. The Bureau of Fiscal Service is charged with providing additional information and guidance to agencies as it proceeds with the implementation of the new requirement.

Dealing with the idea that you might be facing a Treasury Department collection action such as Administrative Wage Garnishment or tax offset program can be terrifying. The SBA attorneys and Treasury Department Practitioners in our office are skilled at helping clients understand all of the facets of their situations. If, for instance, you need to know what an DOT compromise package is, you can simply ask your lawyer. You should never face Treasury Debt collection problems alone. It is important to retain the services of an attorney who can help you through this difficult time in your life. We urge you to read about the services that we have available and to contact us if you believe that we can be of assistance to you right now.

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.

$337,000 SBA 504 LOAN - SBA OIC CASH SETTLEMENT

$337,000 SBA 504 LOAN - SBA OIC CASH SETTLEMENT

Clients personally guaranteed SBA 504 loan balance of $337,000.  The Third Party Lender had obtained a Judgment against the clients.  We represented clients before the SBA and negotiated an SBA OIC that was accepted for $30,000.

$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.

$150,000 SBA 7A LOAN - SBA OIC CASH SETTLEMENT

$150,000 SBA 7A LOAN - SBA OIC CASH SETTLEMENT

Client personally guaranteed SBA 7(a) loan balance of over $150,000.  Business failed and eventually shut down.  SBA then pursued client for the balance.  We intervened and was able to present an SBA OIC that was accepted for $30,000.

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