SBA Offer in Compromise

The SBA Loan Workout: Negotiating Offer in Compromise on SBA 7(a) and 504 Loans



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Product Description

“The SBA Loan Workout: Negotiating Offer in Compromise on SBA 7(a) and 504 Loans”, is intended to provide attorneys with a complete review of the Offer in Compromise (Offer) process for settling default SBA 7(a) and 504 loans. Participants will review the default process and the roles of the lender and the SBA in this process. Participants will review the Lender’s obligations and the wind down process that must occur prior to the submission of any Offer package. In addition, Participants will also review the Lender’s role in facilitating the Offer, including the Lender’s discretionary right to recommend approval, denial or simply refuse to submit the Offer at all. This program will cover the basic requirements of a successful Offer, including, but not limited to: (I) what the borrower must submit; (ii) how the SBA evaluates proposals; (iii) settlement timelines; and (v) IRS tax issues resulting from the settlement and/or cancellation of debt. Finally, the Instructor will explain the elements of a workable offer and what to do if and when your initial offer is rejected. Participants will receive handouts, including SBA Form 1150 and 770 that will be reviewed during the session.


Benjamin A. Stolz, Esq., is trainer, speaker, educator, writer and attorney with over 21 years experience practicing consumer bankruptcy and business law, managing and advising small businesses. Ben received his BA from the University of South Florida, with Departmental Honors, and a JD from Southern Methodist University. He has been admitted to practice in Texas both before the Supreme Court of Texas, all lesser Texas courts, as well as the United States District Court for the Northern District of Texas and the United States Tax Court. Ben is a member of American Bankruptcy Institute (ABI), Association of Litigation Support Professionals (ALSP), the American Bar Association (ABA), and proud graduate of the Max Gardner Bankruptcy Bootcamp, and a frequent guest panelist at Consumer Bankruptcy CLE events. As a result of his ongoing commitment to continuing legal education, Ben was also admitted in 2009 to the College of the State Bar of Texas.

Nancy P. Perliski, Esq.

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