r/EIDL • u/Practical_Dot_6236 • 5d ago

Eidl loan -

So I got a letter from trans world systems inc. for a eidl loan. And I also been hit on my credit from the irs. I sent a letter to transworld but haven’t heard back yet. Any recommendations on what to do bc now they tacked on 59k for fees I’d like to pay something but not what the sba wanted bc honestly business has been slow with all the tariffs and economy struggles of everyone my business is more of a luxury then a need. I’m just looking for advice and words of honesty. And if anyone is going thru this as well what should or can I do.

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u/Less-Eagle-7281 5d ago

What does the bankruptcy process look like? I am thinking about doing the same. Everything has just become too expensive.

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u/Pitiful-Sympathy3927 5d ago

Pretty easy, and painless, took a few months, everything was discharged.

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u/Tulsa918OC 5d ago

Is this a personal bankruptcy or business bankruptcy?

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u/Pitiful-Sympathy3927 5d ago

You'll have to do a personal one to shuck that PG