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SBA Loans: Offers in Compromise

Jimerson Firm

An offer in comprise allows borrowers to settle their debt on the SBA loan for less than the full amount owed. An offer in compromise is an offer by the borrower to pay a portion of what is owed on the SBA loan, in exchange for the SBA to consider the debt settled or satisfied. SOP 50 57 ; SOP 50 55. SOP 50 57 ; SOP 50 55.

Loans 96
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Overview of Florida’s New Uniform Commercial Real Estate Receivership Act

Jimerson Firm

The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure actions, and provides much needed clarity, predictability, and uniformity on the standard for the appointment of a receiver and the powers of receivers. What is a Receiver, and Why are They Important?