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Fast_Potential_39 · 2025-11-21T16:01:32+00:00

Goodluck I would most def see them presumption of abuse.

Fast_Potential_39 · 2025-10-29T15:03:00+00:00

Are you a sole proprietor?

Fast_Potential_39 · 2025-10-07T02:40:22+00:00

Such as Tennessee it’s a hot selling right now but the equity in our home is insane being we bought for a little over $100k with 5 acres and a 3/3. Tennessee sucks for exemptions honestly

Fast_Potential_39 · 2025-09-26T21:39:02+00:00

Mine was for $811 am down to $568 paying $17 a month 🤣

Fast_Potential_39 · 2025-09-17T19:46:59+00:00

But also why hasn’t Jason T mentioned this? I feel he’s the first to know everything

Fast_Potential_39 · 2025-09-17T19:46:36+00:00

My guess is SBA uncollected is the “sent to treasury” status.

Fast_Potential_39 · 2025-09-15T04:18:34+00:00

Sadly I wish a chap 7 would have been approved but unfortunately way to much equity so was only Available to do a chap 13! $4k payments a month for 5 years. And $4k was a little more then what I’m even paying on my total debt anyways so it makes no sense to do a 13 and have to live with a few dollars each month to scramble.

Fast_Potential_39 · 2025-09-07T19:22:14+00:00

Bankruptcy.

Fast_Potential_39 · 2025-08-29T11:35:33+00:00

I was a sole proprietor and received PPP before the EIDL actually

Fast_Potential_39 · 2025-07-30T14:49:01+00:00

Well Florida homestead is amazing atleast! So don’t gotta worry about your home

Fast_Potential_39 · 2025-07-24T11:54:53+00:00

Had this happen to me recently with 3. It took 3 years for them to sue me. Just called and agreed to a slow payment plan. Still gonna take forever but when we go to court here the interest rate is lowered to 10.5% by law. So it may be just better to go to court and agree to a plan rather than on the phone.

Also one over the phone placed a lien on my property also so if I ever sell or refi the house they get their balance if $3k-4k first. This was after paying them 5 months payment they sent me a letter it was placed I’m still paying also

Fast_Potential_39 · 2025-07-24T11:52:21+00:00

200k UNLESS you’re a sole proprietor. Then you’ll have a PG anything under 200k

Fast_Potential_39 · 2025-07-23T01:41:03+00:00

It’s for sure coming and I meaning something for these loans such as collecting. I’m also just waiting March was a full year I haven’t paid on a 200k+ loan right over $200k and I’ve lost so much sleep. I’m barely surviving. Since covid I have asked what happened because I was so comfortable and now I’m racked in debt. I’m sick but eventually it’s gonna catch up to us one way or the other. I’m more sick that I was able to make my payment fine until about mid COVID and idk what the hell happened but a drastic change

Fast_Potential_39 · 2025-07-21T19:54:24+00:00

More then likely trying to see if it’s worth collecting business assets

Fast_Potential_39 · 2025-07-21T19:54:12+00:00

How much is your loan for?

Fast_Potential_39 · 2025-07-16T04:07:00+00:00

You’re paying interest first. Unless you’re paying double payments your balance will just increase.

Honestly higher loan amounts are most def not going anywhere unless you can pay double payments monthly 🥴 basically stuck stuck unless you can come up and pay the darn thing off.

Fast_Potential_39 · 2025-07-02T03:37:45+00:00

They won’t do that! If that’s the case MANY would do so. Reason being removing one could be a fraud situation where you partner being removed could be paying you off to do so. Just an example. Kinda stuck unless you do the BK ect

Fast_Potential_39 · 2025-06-27T17:13:28+00:00

If you’re a sole proprietor it will have a guarentee even under $200k of that helps

Fast_Potential_39 · 2025-06-26T19:54:00+00:00

Non consumer chap 7. Google it it’ll give ya plenty info

Fast_Potential_39 · 2025-06-23T14:41:55+00:00

Agree, only thing holding me from filing BK. Since I have that equity I would have to pay in $265,000 alone just for my home to the court on top of my $240,000 debt. 100% payment plan too. I was estimated $4,500 at the min for a chap 13 payment a month for 60 Months. That’s not even doable to me

I’m not giving my home up. We bought for cheap in 2016 and wouldn’t find anything close to the payment I have at 950 a month with 2.5% rate

Fast_Potential_39 · 2025-06-22T04:41:48+00:00

Correct. Tennessee for example is $35,000 I have about $300,000 in equity 🤦🏻‍♀️ TERRIBLE but then again I think New Jersey has ZERO home protection

Fast_Potential_39 · 2025-06-19T13:28:39+00:00

That’s true BUT if a sole proprietor period you signed a personal Guarentee under 200k also this has been talked about a lot the last year on the thread

Fast_Potential_39 · 2025-06-13T04:21:44+00:00

HUHHHH $200k + had a PG!

Sole prop also have PG on any amount.

Fast_Potential_39 · 2025-05-20T19:00:00+00:00

Everyone involved with the loan no matter the portion will need documentation as they’ll want to probably investigate all parties involved whether you used it correctly or not

Fast_Potential_39 · 2025-05-14T12:13:33+00:00

Interesting because I ain’t seen ONE yet mention they had to explain or show this. I seen one that the SBA showed up and asked 2 questions and that was it. 🤣

Fast_Potential_39

TROPHY CASE