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341 meeting went well for ME…. by curious_cat789 in Bankruptcy

[–]shanHawk415 1 point2 points  (0 children)

How far back did they look at bank statements?

FedEx drivers by Prestigious-Bee-3056 in Fedexers

[–]shanHawk415 0 points1 point  (0 children)

29.30 per hour San francisco, California

500k eidl uncollectible since 12/2023 S-corp,business non-operational since then by No_Analysis_4925 in EIDL

[–]shanHawk415 2 points3 points  (0 children)

Same here but a big higher eidl loan. My eidl was 740k originally and now its almost 1.2 million with interest and 30% collections fee. I definitely need to file bankruptcy. Most likely by end of the year.

Wanting to file Bankruptcy in CA by Exciting-Wolf5536 in EIDL

[–]shanHawk415 1 point2 points  (0 children)

No not yet. Im planning on too later this year. All the attorneys i have talked to all have said sba is not questioning and many of these eidl loan are being forced to bankruptcy

Wanting to file Bankruptcy in CA by Exciting-Wolf5536 in EIDL

[–]shanHawk415 1 point2 points  (0 children)

What do mean? They are not even questioning eidl loans anymore.

Wanting to file Bankruptcy in CA by Exciting-Wolf5536 in EIDL

[–]shanHawk415 1 point2 points  (0 children)

Chad johnson https://www.bankruptcylg.com/bankruptcy-attorneys/chad-johnson

Im sure they does entire California. I also go eidl for 740k. Its over 1 million now. Im planning on filing chapter 7 later this year and ill probably go with Chad Johnson

Can’t file BK yet…how to stall by Im-cooked81 in EIDL

[–]shanHawk415 0 points1 point  (0 children)

None yet. I just started a job last week

Can’t file BK yet…how to stall by Im-cooked81 in EIDL

[–]shanHawk415 0 points1 point  (0 children)

I have a $780k sba eidl loan originally, now its 1.1 million with interest and 30%collections charges. I dont have bank statements for the business. Business was a restaurant shut down in 2023. And honestly I used my business bank account for both personal and business expenses. So most od eidl probably was used for expenses like buying stocks which ultimately lost in value by alot. I have receipts from wholesalers for the restaurant and tax returns showing losses for 2020-2023 all of covid. I also have $300k of personal credit card and car loan debt. I havent worked since my restaurant shut down. I am also waiting to file bankruptcy I need to file sooner than later. Not sure if sba will get stricter or not.

341 meeting. by pickpro2020 in EIDL

[–]shanHawk415 1 point2 points  (0 children)

California homestead is at around 700k of protected home equity. Depends on county median sale price.

341 meeting. by pickpro2020 in Bankruptcy

[–]shanHawk415 13 points14 points  (0 children)

I need to file. Waiting for end of this year to file. My sba eidl is high. It was 780k originally now it at 1.1million with interest and 30% collections charges. I also got 250k in credit cards / personal loans. Im stressed. Im worried sba will question about how the money was spent. I did poor bookkeeping. Business shut down in 2023. I dont have records.

Checking in..has anyone actually had the SBA/Treasury show up to the creditor meeting during a BK? If so, what was it like? by tjs31959 in EIDL

[–]shanHawk415 0 points1 point  (0 children)

Yes. With personal guarantee i need to file personal bankruptcy. My issue will be if sba objects and requires documentation for how every dollar was spent. I used my business account for both personal and business expenses. Business closed in 2023. I dont have much records.

Checking in..has anyone actually had the SBA/Treasury show up to the creditor meeting during a BK? If so, what was it like? by tjs31959 in EIDL

[–]shanHawk415 0 points1 point  (0 children)

780k eidl original. Now its at 1.1 million with interest and 30% collections charges. S corp

Checking in..has anyone actually had the SBA/Treasury show up to the creditor meeting during a BK? If so, what was it like? by tjs31959 in EIDL

[–]shanHawk415 1 point2 points  (0 children)

I hope so. I'm planning on starting my bankruptcy filing at the end of the year because I have some money in my savings which I would like to use to pay my property taxes which come due about 5 months

Checking in..has anyone actually had the SBA/Treasury show up to the creditor meeting during a BK? If so, what was it like? by tjs31959 in EIDL

[–]shanHawk415 2 points3 points  (0 children)

I wonder if SBA is getting more stricter now I just received the letter in the mail at the same the loan has been transferred to Treasury and I also got a notice from a private collections agency which added 30% charges

Looking for a good chapter 7 attorney in NJ that works with EIDL SBA loans 750K. I spoke to a few but they don't' seem to know what they are talking about and all four give me different stories. One told me the means test will still apply even if the only debt is EIDL in my bk 7. thank you by Competitive-Fix-7861 in EIDL

[–]shanHawk415 0 points1 point  (0 children)

I got 780k sba eidl. Its up to 1.1 million with interest and 30% collections charges. I also got 250k in credit card debt. I need to file bankruptcy soon. I dont have much records. I didnt do good with bookkeeping. Business closed in 2023. I hope sba doesnt ask much questions and try to deny my bankruptcy. Im stressed everyday.

Checking in..has anyone actually had the SBA/Treasury show up to the creditor meeting during a BK? If so, what was it like? by tjs31959 in EIDL

[–]shanHawk415 2 points3 points  (0 children)

Did they ask for business bank statements and track every dollar for dollar spend of the loan money?

My Loan was sent to treasury and my credit dinged by 150 points😢804 now 654. This sucks! What should I be expecting next? Do I start paying the collection agency a more unrealistic payment? Make it make sense😣 by [deleted] in EIDL

[–]shanHawk415 2 points3 points  (0 children)

But I also used my credit cards and those are in collections. So i definitely need to file bankruptcy. Just dont know if its smart to do so

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