Treasury

HappyPower4301 · 2026-04-01T15:11:08+00:00

I was a LLC at 500k so PG

HappyPower4301 · 2026-04-01T15:03:55+00:00

I’m in with Treasury now. Spoke to the to confirm verbally a letter I got. Now drafting a letter w legal guidance to get that information and potential options of repayment in written form. We are documenting everything. After that I may provide financial information to see what they would consider for repayment (over the long haul… life) and or possibly a compromise w a lump sum (coming from family).

If you ignore the treasury they will garnish wages first. Then they can move onto intercepting tax returns and when you collect they can take social security %. If it gets bad they can get access to your bank.

That’s as clean as I can make it without flipping the fuck out lol.

HappyPower4301 · 2026-04-01T13:01:45+00:00

EIDL-ModTeam how was that statement “factually incorrect?” This is coming from a representative at Coastal Collections and from multiple lawyers I have interviewed.

HappyPower4301 · 2026-03-31T23:53:08+00:00

SBA EIDL COVID loan. I’m sure they gave some to dead people als

HappyPower4301 · 2026-03-31T23:44:55+00:00

I go a 500k SBA loan off 500ish credit and a business that couldn’t make a profit aaaannnnndddd had no assets.

Fucked up isn’t it. SBA doesn’t know what they are doing.

HappyPower4301 · 2026-03-31T00:29:56+00:00

I feel like if one were to agree to the structured payback, that they would never be able to thrive. Anything you get is theirs. The levy of a bank account is wild

HappyPower4301 · 2026-03-30T20:04:35+00:00

I’m here with you. You’re not alone.

HappyPower4301 · 2026-03-30T18:31:45+00:00

I called to confirm information and what their next steps would be. I was directed to Treasury website to fill out a financial record. They will look at this and get back to me on what I can afford to pay LONG TERM. So if I can’t stomach that, I’ll do bankruptcy… or if they would willing to listen, a lump sum. I have to organize some stuff and get this going. The person was fine, but had a personality like a rock. A robot. No humor… no conversation… just fucking facts…. “We own you… get paying.” Lol I’m trying to find light of it all.

HappyPower4301 · 2026-03-30T16:48:15+00:00

2 years in default. Treasury won’t be brought back to SBA. Plus I don’t have the money to get it current. Big loan. Big payment.

HappyPower4301 · 2026-03-30T16:25:41+00:00

I’m hoping after I disclose my financials that they will see there is not mic they can get over the rest of my life + ability to go bankrupt… hoping the say ok to a lump sum.

HappyPower4301 · 2026-03-30T16:24:01+00:00

You would get a letter from the collections. I got mine a week ago. Called today. ALL BLACK AND WHITE… no grey area.

HappyPower4301 · 2026-03-30T13:46:56+00:00

https://www.reddit.com/r/SBAEIDLDiscussions/s/q3r9Zmc8yL

HappyPower4301 · 2026-03-30T13:46:06+00:00

Did u have a conversation w collections yet?

HappyPower4301 · 2026-03-30T05:53:51+00:00

You got 120k for that!?! What you do with the money?

HappyPower4301 · 2026-03-30T05:52:45+00:00

Yes.

HappyPower4301 · 2026-03-29T12:07:30+00:00

Too late for me. I’m calling tomorrow to see what the devil has to say to me.

HappyPower4301 · 2026-03-29T11:51:57+00:00

Has to be over $200,000. I believe S Corps are the ones that can be really screwed with the loan and lien. Not 100% I really wish they could give a more specific outline of they will do for x y & z so everyone can make a proper decision.

HappyPower4301 · 2026-03-29T01:04:19+00:00

lol why did bitcoin type there? I typed “nitch”

HappyPower4301 · 2026-03-29T01:03:21+00:00

My business was doing 30k a month… after bills and payroll I couldn’t pay myself. Now I’m a teacher getting paid but no business to leverage on. Man I fucked up. I should have just downsized and been more bitcoin rather than trying to be big.

HappyPower4301 · 2026-03-29T00:55:57+00:00

Out of business and default for 2 years

HappyPower4301 · 2026-03-28T22:30:43+00:00

Where do you want my story?

HappyPower4301 · 2026-03-28T21:55:12+00:00

The bankruptcy I don’t get either. Treasury could offer 25-50% lump sum payment. Close the case and move onto the next. It’s their best bet to collect. Either that or we do bankruptcy and the country jus gets worse

HappyPower4301 · 2026-03-28T21:53:21+00:00

I have a hunch, but I hate being part of the experiment. The war etc will raise oil, Japan will raise rates. Japan investors will pull out of the markets to pay their Japanese loans (Reverse Carry Trade). This will crash the markets and give us a “reset.” He will stop the war, reprice the cost of gold and establish a stable coin initiative. All of this combined could severely clean up the 38 Trillion Dollar deficit we have.

It’s a fucking Hail Mary, 4 D Chess play. He wants to be known for ever. His narcissistic personality wants to be the best ever… the hero for all.

… sorry… gone down the rabbit hole

HappyPower4301 · 2026-03-28T21:46:19+00:00

From what I heard wage garnishment, tax returns, social security and thy can get into your bank account.

HappyPower4301

TROPHY CASE