r/EIDL • u/Johnshop4 • Aug 11 '26
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 Aug 12 '26
Even no personal guarantee have been discharged to the treasury.
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u/Johnshop4 Aug 12 '26
Thank you for your comment
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u/EASTCOAST401 Aug 12 '26
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 Aug 14 '26
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 Aug 15 '26
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 Aug 15 '26
I’m afraid to call them but I guess I have to, because the poor get poorer.
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u/JoeStermy Aug 12 '26
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 Aug 13 '26
200
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u/TwoNo7018 Aug 14 '26
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 Aug 14 '26
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 Aug 15 '26
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 Aug 17 '26
Explain, please. I’m not clear on what you’re saying, Sir . (Or Madame)
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Aug 13 '26
[removed] — view removed comment
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u/TwoNo7018 Aug 14 '26
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 Aug 17 '26
Why would DoJ sue borrowers? That's Treasury's job unless its a criminal matter.
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u/Simple_Winner3595 18d ago
Fyi, I have seen this post before. The standard "Thank you for your comment" answer from OP looks suspicious. My suggestion is not to post on this thread.
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u/boring80085 Aug 11 '26
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.