Submitted by Anonymous (not verified) on Sat, 07/15/2023 - 16:28
By Law Offices of David M. Siegel Bankruptcy Attorney Chicago Feeling like you’re sinking in a sea of debt, juggling bills, and losing sleep over your financial situation? It might be time to consider seeking help from a local bankruptcy attorney. Here are five signs that it’s time to take action. Skyrocketing Credit Card Balance+ Click Here For Read More
Submitted by Anonymous (not verified) on Tue, 07/11/2023 - 22:02
The SBA is offering a Hardship Plan for borrowers experiencing financial challenges.Eligible borrowers are required to pay at least 10% of their monthly payment amount for six months. Interest will continue to accrue, which may increase payments due at the end of the loan term.Regular monthly payments will be required after the six-month Hardship Program period ends. Borrowers may be able to renew the Hardship Accommodation Plan after six months. The SBA Hardship Plan does not reduce the amount of money due the SBA for the EIDL loan, so at best the Hardship Plan is a temporary solution.F
Submitted by Anonymous (not verified) on Sun, 07/09/2023 - 05:52
Defaulted SBA EIDL Loans, Limited Liability Company (LLC) and Cancellation of Debt Income (COD) under Section 108 of the Internal Revenue CodeAs many readers of our emails and blog posts know, Shenwick & Associates has developed a specialty helping borrowers, who have defaulted on SBA EDIL loans.
Submitted by Anonymous (not verified) on Thu, 06/29/2023 - 20:49
Forbes has an excellent titled"Yes, The IRS Can Sue To Collect On A Debt"The article discusses the IRS assessment statute of limitations (three years from the time a tax return is filed to make the assessment) and the IRS collection statute of limitations of 10 years. During the 10 years, the IRS has the power to garnish wages, impose a levy on bank accounts and file a lien against real property (e.g.