Question.What can the Treasury take to satisfy a defaulted SBA loan balance? Answer. The Treasury Offset Program is not subject to a statute of limitations and can collect on the defaulted SBA loan indefinitely. The Treasury can, among other things, garnish wages, even in states where wage garnishment by creditors is generally prohibited. The Treasury… [Read More]
What can the Treasury take to satisfy a defaulted SBA loan balance?
Posted on July 27, 2014
Filed Under: IRS Tax Refund, Military Retirement Garnished, Retirement Benefits Garnished, SBA-loan-default, Social Security Benefits Garnished, Treasury Offset Program, Wage Garnishment Tagged With: civil service retirement benefits, collection, federal tax refund, garnishment, how much, social security benefits, treasury offset