Federal Student Loan Default: Innocent Spouse
Dealing with a federal student loan default is hard. Allow our lawyers to resolve your federal student loan administrative wage garnishment or tax offset.
Are you a small business owner struggling with the weight of SBA loans? We understand the challenges you're facing and want you to know that there's a lifeline available: the SBA Debt Relief Program. At Protect Law Group, we're dedicated to being your best debt relief partner, providing small business debt relief and debt relief help that truly makes a difference. See what we can do for you by contacting us today!
The Small Business Administration's Debt Relief Program was designed to ease the financial burden on struggling entrepreneurs. If you're in a situation where bankruptcy seems inevitable, it's crucial to explore this option first. SBA Debt Relief works by covering a portion of your SBA loan payments, giving you room to breathe and regain financial stability.
Navigating the complexities of SBA loans and potential bankruptcy can be overwhelming. That's where Protect Law Group steps in. Our team of experienced professionals specializes in SBA Debt Relief, ensuring you get the best debt relief advice tailored to your unique situation. We're not just another firm; we're your advocates, your partners, and your path to a debt-free future.
Bankruptcy might feel like a dark lonely path, but with Protect Law Group by your side, you're never alone. Our commitment to providing the best debt relief solutions means we'll guide you through every step of the process. We've helped countless small business owners find their way back to financial stability through the SBA Debt Relief Program, and we're here to do the same for you.
The uncertainty that comes with SBA debt and the possibility of bankruptcy can be paralyzing. That's why we encourage you to take action today. Reach out to Protect Law Group, and let us be your beacon of hope. Our team's expertise in SBA Debt Relief ensures that the moment you call us, you're taking a step toward a brighter financial future.
The journey to small business debt relief and overcoming the challenges of SBA loans begins with understanding your options. The SBA Debt Relief Program is a powerful tool that can save your business from bankruptcy. Protect Law Group is your trusted partner, providing expert debt relief help and support to guide you through the process. Don't wait — call us today, and let's work together towards a debt-free tomorrow.
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.
Our firm successfully assisted a client in closing an SBA Disaster Loan tied to a COVID-19 Economic Injury Disaster Loan (EIDL). The borrower obtained an EIDL loan of $153,800, but due to the prolonged economic impact of the COVID-19 pandemic, the business was unable to recover and ultimately closed.
As part of the business closure review and audit, we worked closely with the SBA to negotiate a resolution. The borrower was required to pay only $1,625 to release the remaining collateral, effectively closing the matter without further financial liability for the owner/officer.
This case highlights the importance of strategic negotiations when dealing with SBA settlements, particularly for businesses that have shut down due to unforeseen economic challenges. If you or your business are struggling with SBA loan debt, we focus on SBA Offer in Compromise (SBA OIC) solutions to help settle outstanding obligations efficiently.
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.
Client personally guaranteed SBA 7(a) loan for $150,000. COVID-19 caused the business to fail, and the loan went into default with a balance of $133,000. Client initially hired a non-attorney consultant to negotiate an OIC. The SBA summarily rejected the ineligible OIC and the debt was referred to Treasury’s ureau of Fiscal Service for enforced collection in the debt amount of $195,000. We were hired to intervene and initiated discovery for SBA and Fiscal Service records. We were able to recall the case from Fiscal Service back to the SBA. We then negotiated a structured workout with favorable terms that saves the client approximately $198,000 over the agreed-upon workout term by waiving contractual and statutory administrative fees, collection costs, penalties, and interest.
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