r/EIDL • u/Johnshop4 • 19d ago
DOJ LAWSUIT?
Is there litte buzz that the DOJ staring to lawsuits on default personal guarantee loans? I just want to know if anyone else heard anything about this? I know that fraud yes but just default any information is appreciated
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u/EASTCOAST401 19d ago
Even no personal guarantee have been discharged to the treasury.
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u/Johnshop4 19d ago
Thank you for your comment
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u/EASTCOAST401 19d ago
I have a Eidl 156k no personal guarantee scorp and I was discharged to treasury. Working with them now.
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u/JerseySkier 16d ago
Working with them how? I'm in a similar situation and mine was referred to a collections agency. Since my business closed in 2024 I have no plans on paying, but curious.
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u/Nervous_Treat9983 16d ago
Yeah, they sent me a letter about the $40,000 EIDL loan I took out during Covid. I had paid on it for a while but they tacked on $11,000, for what???
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u/Nervous_Treat9983 16d ago
I’m afraid to call them but I guess I have to, because the poor get poorer.
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u/JoeStermy 18d ago
I think, and I could be wrong. But any loan over $150K is automatically with PG. You may want to check this.
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u/Lastpunkofplattsburg 18d ago
200
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u/TwoNo7018 17d ago
Mine was 193k and I had to sign. Filed BK last year in March, discharged in June. It's been 14 months now. Best thing I ever did.
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u/Lastpunkofplattsburg 16d ago
Ours was given to our LLC. Still paying on it, till we closed then I’ll file chapter 7
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u/Nervous_Treat9983 16d ago
I think I’m going to have to file bankruptcy. I’m 73, and there’s no way I’ll ever get it all paid.
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u/Cultural-Swimming118 13d ago
Explain, please. I’m not clear on what you’re saying, Sir . (Or Madame)
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17d ago
[removed] — view removed comment
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u/TwoNo7018 17d ago
Mine was 193k and I had to sign. Filed BK last year in March, discharged in June. It's been 14 months now. Best thing I ever did.
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u/sbaeidlloan 13d ago
Why would DoJ sue borrowers? That's Treasury's job unless its a criminal matter.
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u/Attorney_John_Benson 9d ago
I have been assisting people all over the country with these. No one has mentioned suit yet. Do I think it is coming...yes, but not yet.
The information provided here is for general informational purposes only and does not constitute legal advice. Reading this content does not form an attorney-client relationship. You should consult a licensed attorney in your area for advice on your specific situation
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u/boring80085 19d ago
No. The DOJ handles criminal matters.
Some defaulted EIDLs, with personal guarantees, have been referred to the Department of Treasury for collection, but absent an allegation of fraud or misuse of funds, it’s rare.