[CLBS] Ch 7 Discharge of US Treasury claims relating to an SBA-guaranteed loan

Mark Avery jmarkaveryesq at yahoo.com
Wed Dec 15 16:19:26 MST 2021


Listmates,
Here is the situation: 
Debtor personally guaranteed an SBA-guaranteed business loan taken out by her deceased husband.  Her only income is social security payments. She has only exempt assets.  The SBA took over the defaulted loan after default and seizure of business assets.  The U.S. Treasury is now garnishing her social security payments for the loan balance deficiency.  Will a Ch. 7 effectively discharge this debt?  I can't find any reason in the Bankruptcy Code why not, but know that your great minds will enlighten me.
Any feedback would be appreciated.
Mark Avery Avery Law

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    On Wednesday, December 15, 2021, 02:14:45 PM MST, Kathleen McCallister <kam at kam13trustee.com> wrote:  
 
 I think this is still good law

-----Original Message-----
From: CLBS <clbs-bounces at admws.idaho.gov> On Behalf Of Tyler McGee
Sent: Wednesday, December 15, 2021 11:38 AM
To: clbs at admws.idaho.gov
Subject: [CLBS] IRS and Stay Violations

Listmates,

I'm a little fish in the bankruptcy pond and I may be showing my ignorance here, but is the IRS handled any differently from other creditors when it comes to stay violations? I haven't found anything on the issue, maybe I'm looking in the wrong places.

Debtor filed chapter 7.
IRS received notice and filed a claim.
Post filing, IRS sent letters threatening lawsuits and seizure of assets.
I sent a letter back telling them to back off due to the stay.
IRS keeps sending the same letters.

Can I pursue a stay violation against the IRS in the same way I would any other creditor?

Tyler J. McGee
ROY, NIELSON, PLATTS, McGEE & SCHOETTGER P.O. Box 487 Twin Falls, Idaho 83303-0487
Phone: (208) 734-4450
Fax:  (208) 734-4452

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