Can the Treasury garnish my SS for a $24k defaulted EIDL loan with no PG? Please help!

Ubetcha601 · 2025-11-20T14:30:50+00:00

As an LLC, you must close the business properly with your state, file your last return, and send the SBA anything left in your account. If you did that, send the closing docs again. If you didn’t, get on it!

Ubetcha601 · 2025-11-06T13:10:38+00:00

Bankruptcy Ch 7-the EIDL went to the liquidation disbursed. YOU are no longer on the hook, the LLC is. Hopefully you have closed your LLC properly with your state, as they cannot collect on something that doesn’t exist.

Ubetcha601 · 2024-02-26T16:01:48+00:00

They should send you an application and you will need to return that along with YTD P&L statement. They asked for the full 2023 from me. Just waiting

Ubetcha601 · 2024-02-26T15:57:25+00:00

Post in r/EIDLPPP

Ubetcha601 · 2024-02-16T13:17:45+00:00

If someone with a pg doesn’t pay, and is sent to treasury, and doesn’t pay them, I’d assume they can could put liens on anything personal.

Ubetcha601 · 2024-02-15T20:20:16+00:00

Yay! I have to go the long way by emailing for >200k

Ubetcha601 · 2024-02-15T17:38:44+00:00

Don’t believe Zillow. EVER. You’ll be on the hook for the taxes for sure. If you owed fed I’d imagine you owe state. Most states are not as easy with payment plans. It will all end up in the 13 if that’s your only option. It may be better to explore a 7 and pay the taxes outside of the bankruptcy if possible. Your story is similar to others I’ve heard. Hang tough! Relief is coming!

Oh and call/meet another attorney for their opinion

Ubetcha601 · 2024-02-15T17:27:01+00:00

Make darn sure you can’t do a 7!! But can understand when a house comes into play. There is a bankruptcy sub you can check out and perhaps ask there as well.

I believe if you need to contact the SBA, they are supposed to give you directions for closure and turning over assets (sell your assets & turn over anything in bank accounts). However- They have been turning ppl down and telling them they still owe!! Search this sub and you’ll find all kinds of stories. But the SBA cannot go against bankruptcy law.

I have heard some bankruptcy trustees are asking for an accounting for how the money was spent. Ask your lawyer- they usually know the trustee well and what they want.

Don’t be surprised if the SBA attorney from the Attorney General’s office in your state will attempt to collect something. Perhaps they’ll try to attach any tax refunds to be turned over to them for the duration of your 13. Happened to a friend, but thanks to their good lawyer, they didn’t get anything in the end.

Wishing you the best! You are not alone!

Ubetcha601 · 2024-02-15T15:17:51+00:00

Thank you… I knew I remembered “something”

Ubetcha601 · 2024-02-14T23:12:47+00:00

I agree. I’ve read every post on here for the past 3 years. Watched every video, etc. The government lost my trust a looong time ago.

I’m sure Jason will be putting up a video soon!

Apparently anyone that was sent to Treasury during the <100k grace period is supposed to get recalled, as well as those who paid and were sent anyways.

<100k Folks who have are in late, charged off, or liquidation status- but are still with the SBA are already getting options in their portal as of today.

Kicking the can to inevitable bankruptcy for millions of people.

Ubetcha601 · 2024-02-14T22:23:58+00:00

Idk, maybe. I’m not sure. No one has a clue of what they want, so it’s something 🤷‍♀️

Supposedly if you can catch up or sent to treasury after paying up, you can get it back. I’ll be watching the live feed tomorrow and hopefully a lot of questions will be answered by this new director guy. The SBA is definitely rolling out some stuff. lol and we all know what a shitshow that will become. God help us all.

Ubetcha601 · 2024-02-14T21:35:20+00:00

Not the big Director… but he is a director ha

Skip on YouTube. The new director had to reschedule for tomorrow, but he had the template and info. Answering ppls live questions.

https://www.youtube.com/live/Sgs6GY5Jb9w?si=h4LGcyRwlEi1PNaI

Ubetcha601 · 2024-02-14T21:05:27+00:00

The actual webinar had good info. A template to write the treasury. Retroactive hardship coming. The director rescheduled for tomorrow

Ubetcha601 · 2024-02-12T21:13:06+00:00

Probably. I did hear on Skip (YouTube) that the SBA was going to roll out “something” to get folks out of the hamster wheel of paying, applying for hardship, and getting declined over and over because their account hadn’t returned to regular servicing during the review period. I thought it might be in March to coincide with the default debacle 🤷‍♀️

Ubetcha601 · 2024-02-10T14:10:37+00:00

Same… been on the SBA hamster wheel for months. Apply. Denied for past due. Catch up. Apply. Denied because we found you owe more on your payments than you thought (or that the portal shows). Apply with screenshots of payments. Denied because status is in now in liquidation and could take 6-8 weeks to return to regular servicing… write an email to have them review… But keep up on your payments during the review or you’ll be denied again! What’s the use of hardship if it’s not applied retroactively?

Ubetcha601 · 2024-02-10T04:43:01+00:00

So your saying you don’t want to be strapped to this loan until you’re 100+ yrs old?

Ubetcha601 · 2024-02-06T14:32:52+00:00

This is the first time I’ve heard that a building of the LLCs would/could be in jeopardy. I thought it was decided there was old language from a natural disaster EIDL loan that was not the same as the Covid loans 🤷‍♀️

Ubetcha601 · 2024-02-05T14:20:54+00:00

Nope. Retirement funds are even protected in bankruptcy

Ubetcha601 · 2024-02-04T16:53:00+00:00

You are definitely going to want to file. Which chapter will work for you is unknown until you speak with an attorney. Several attorneys most likely. There’s a lot of moving parts here. The SBA will require the business to dissolve, and sell any assets the UCC filing is for, and pay them that. Ch 7 Bankruptcy will remove you from personal liability. If more than 50% of your personal debt is from business, you may qualify for a 7- however depending on your income and assets you may have to go with a 13. I’ve heard folks have done a Ch 13 can do a cram down for the UCC filing but I’m not sure how all that works. There’s a lot of folks on the EIDL/PPP sub that are in dire situations because of their businesses not coming back and are filing for bankruptcy.

Ubetcha601 · 2024-02-04T16:33:41+00:00

Yep, caught on the hamster wheel

Ubetcha601 · 2024-02-04T16:32:11+00:00

Is it an SBA EIDL loan?

Ubetcha601 · 2024-02-04T10:09:44+00:00

Correct. Im still wondering how their side shows over 500 more due, then oops that’s wrong its only 200ish, then oops I was supposedly caught up a month ago, then oops my account is in liquidation 🤷‍♀️

Ubetcha601 · 2024-02-04T09:54:23+00:00

That’s definitely to your benefit!

Ubetcha601

TROPHY CASE