SBA Loan Default: The Equitable Estoppel Defense
This video discusses equitable estoppel” – an equitable legal remedy or affirmative legal defense a personal guarantor should consider exploring and raising post SBA loan default either as a “litigative risk factor” in support of an SBA offer in compromise, a defense against an Administrative Wage Garnishment, a defense against a residential foreclosure or a basis for…
Read MoreSBA Loan Default and Private Collection Agencies
If you have an SBA loan default chances are you may be contacted by a private collection agency such as Pioneer Credit, Conserve, Performant, or CBE Group, which have been contracted by the Department of Treasury to recover your defaulted SBA loan. Video Transcript The transcript of the video follows below for further review. The…
Read MoreReport: Lender settles for $9.5 million re SBA loan default guarantees with Federal Government
PNC Bank Settles with the United States Department of Justice (DOJ) in connection with allegations of False Claims Act violations stemming from bad loans guaranteed by the SBA. Video Transcript The transcript of the video follows below for further review. The settlement was announced by United States Attorney for the District of Maryland Rod J.…
Read MoreSBA Office of Inspector General's Spring 2016 Report to Congress
We provide individuals who are facing an SBA loan default with solutions. We analyze your SBA loan problems and advise you on potential solutions such as an SBA offer in compromise or defend you against an Administrative Wage Garnishment before the Bureau of Fiscal Service. Dealing with the idea that you might be facing SBA…
Read MorePrivate Collection Agencies, the SBA, Treasury Department or Bureau of Fiscal Service & What SBA Personal Guarantors, Debtors Should Know
We provide individuals who are facing SBA loan default, Treasury/Bureau of Fiscal Service or Private Collection Agency problems with potentially concrete solutions. We carefully analyze your SBA, Treasury/Bureau of Fiscal Service or Private Collection Agency debt problems and advise you on potential strategies to resolve your federal nontax debt problems with strategic planning and execution.…
Read MoreSBA Chief Maria Contreras-Sweet's Commencement Speech At Whittier
Protect Law Group has the legal expertise to guide you through the SBA offer in compromise process and help successfully resolve your SBA loan problems. Even if you are facing an administrative wage garnishment or have been contacted by a Department of Treasury retained private collection agency such as Performant, CBE Group, Conserve or Pioneer…
Read MoreTrouble With The SBA’s Business Disaster Relief Loans
Protect Law Group has the legal expertise to guide you through the SBA offer in compromise process and help successfully resolve your SBA loan problems. Even if you are facing an administrative wage garnishment or have been contacted by a Department of Treasury retained private collection agency such as Performant, CBE Group, Conserve or Pioneer…
Read MoreWSJ Interview With The Head Of The SBA
Protect Law Group provides the expertise and legal know how to shepherd you through the SBA offer in compromise process. You should not face your defaulted SBA loan and SBA loan problems on your own. Protect Law Group offers the aggressive legal strategies and tactics to defend your rights. Wall Street Journal writer Ruth Simon…
Read MoreAssumption, Assignment and Sale of SBA 7(a) Loans
https://youtu.be/mSZoxM5QVNo You have a business with an SBA guaranteed 7(a) loan and now you are looking to sell the business. What about the loan? Can you simply assign the loan and have the buyer assume the loan in your sale documents without anything more? Generally speaking, the SBA will need to approve the assumption and…
Read MoreSBA Loan Default: The Private Collection Agency
https://youtu.be/YBHYGakMwIk If you have defaulted on your SBA loan, a private collection agency may start contacting you to collect the SBA loan. Who and what are private collection agencies (PCAs)? The Department of Treasury contracts with four private collection agencies, known by their common names: Performant, Pioneer Credit, CBE Group and Conserve. If you have…
Read MoreCross-Servicing FAQ: How did my SBA debt get transferred from the SBA to the Treasury Department’s Bureau of Fiscal Service and why do I owe almost 28-30% more?
We provide individuals who are facing an SBA loan debt with solutions. We analyze your SBA loan problems and advise you on potential solutions such as an SBA offer in compromise or defend you against an Administrative Wage Garnishment before the Bureau of Fiscal Service. Dealing with the idea that you might be facing SBA loan…
Read MoreSBA Loan Default: Filing Bankruptcy May Not Prevent An Offset
Filing bankruptcy may not solve your SBA loan default problems. Aside from other financial considerations, the government may still be able to offset against your assets. https://youtu.be/0pnEtQEabCs The Bankruptcy Code preserves a creditor’s right to setoff. Section 553(a) of the Bankruptcy Code provides: Except as otherwise provided in this section and sections 362 and 363…
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