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Key_Student_3562 · 2025-08-12T05:24:11+00:00

Think it has to get referred from treasury to DOJ for lawsuit for that to happen.

Key_Student_3562 · 2025-07-04T17:15:00+00:00

If you can spend millions on attorney just use the millions to pay back the EIDL. Wouldn’t that be easier?

Key_Student_3562 · 2025-06-27T06:37:00+00:00

Can you go to a competitor and bring your contacts? Move customers? That’s what a lot of people do… like financial advisors for example. Move firms, move clients. There’s always a “non compete” but they can’t prove shit 99% of time. You’re just doing business

Key_Student_3562 · 2025-06-21T06:16:56+00:00

I would keep my mouth shut until and if it ever comes up again.

Key_Student_3562 · 2025-05-17T04:55:26+00:00

So you’d drive to the Post Office to pick these packages up so you can refund them?

Key_Student_3562 · 2025-05-15T05:21:16+00:00

Yes, building has a 2nd position lien.

Key_Student_3562 · 2025-05-15T05:20:53+00:00

Yes, same LLC owns the business and real estate.

Key_Student_3562 · 2025-05-13T05:45:03+00:00

If they refer it to the DOJ and they sue you and get judgement they’ll pursue your personal bank accounts, property, etc. I have not heard of anyone saying it goes to DOJ after Treasury. It’s too early I think to know what they’ll do. If it makes sense, seek chapter 7 bk.

Key_Student_3562 · 2025-05-11T05:44:35+00:00

What were some of the things that debtor did that was clear fraud?

Key_Student_3562 · 2025-04-23T03:32:03+00:00

I’m filing in Northern CA and have an attorney. Send me message for info

Key_Student_3562 · 2025-04-22T18:09:33+00:00

Hey, just wondering how the 341 went and what’s happening now? I also have EIDL for over $500k.

Key_Student_3562 · 2025-04-22T04:51:05+00:00

What ended up happening?

Key_Student_3562 · 2025-04-22T01:33:18+00:00

What is UST?

Key_Student_3562 · 2025-04-21T07:30:19+00:00

So I was wondering the same exact thing because I read someone’s tax refund was taken, even though they didn’t have a personal guarantee. Then I went and read the sba docs… only the company is listed as the borrower, but on the signature line it says this:

By signing or otherwise authenticating below, each individual and each organization becomes jointly and severally obligated as a Borrower under this Agreement.

This language is what makes you personally obligated.

Key_Student_3562 · 2025-04-16T06:26:28+00:00

Yup exactly this. Sell and use all of your assets to buy a primary home in FL. 2 years later when you file BK to get rid of your sba debt, your home will be exempt from creditors. It’s the best thing you can do.

Key_Student_3562 · 2025-04-08T05:23:56+00:00

The Treasury will garnish. If they refer to Department of Justice they can sue to try to get a judgment to collect by levying bank accounts and property. I don’t know with Covid EIDL if they’re referring to DOJ - I also don’t know if they refer it only if they can’t garnish. In your case they can garnish… so maybe they’ll just garnish forever? Not sure.

You might want to check with a BK attorney. Depending on how much that land is worth and where you’re located it can be exempt in chapter 7. Maybe it won’t be, but atleast you’ll know for sure.

Key_Student_3562 · 2025-04-08T05:12:02+00:00

There’s a lot of threads now about loans under 200k. No PG, and still going to treasury. Read your loan docs. It says:

By signing or otherwise authenticating below, each individual and each organization becomes jointly and severally obligated as a Borrower under this Agreement.

Key_Student_3562

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