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SBA Loans: Offers in Compromise

Jimerson Firm

illness), paying it would cause financial hardship. (4) 4) Collection of the loan balance is not barred by a valid legal defense, such as discharge in bankruptcy or the statute of limitations; (5) The borrower has not engaged in fraud, misrepresentation, or other financial misconduct; and. (6)

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Overview of Florida’s New Uniform Commercial Real Estate Receivership Act

Jimerson Firm

Importantly, the Act gives the court a new power to, similar to as in bankruptcy proceedings, stay certain actions to enforce claims against receivership property. 714.14, Fla.