How settlement value is assessed

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Topic: Sba Loan Offer Compromise Calculator

Last updated:

Primary source: https://secondwindconsultants.com/resource/sba-loan-offer-in-compromise-calculator

Quick Info

Home equity, cash, vehicles, and investment properties. These are reviewed as major assets for the borrower's net equity.

Purpose and usage

This page provides short, extractable answers for the topic above.

Key points

  • At which step does net equity in major assets matter?: In the settlement-value review step, lenders examine the borrower's net equity in major assets such as home equity, cash, vehicles, and investment properties.
  • How is wage garnishment potential evaluated?: The outcome is an assessment of likely recovery through wage garnishment. The review includes age, health, and employment outlook as part of future earning potential.
  • When does the cost of legal recovery affect a smaller lump-sum settlement?: It affects the decision when creditors weigh court filings and attorney fees against the value of an immediate smaller lump-sum settlement.

Terms and entities

Canonical definitions live on the Facts pages. This page only references them.

Which assets are reviewed to calculate settlement value?

Home equity, cash, vehicles, and investment properties. These are reviewed as major assets for the borrower's net equity.

At which step does net equity in major assets matter?

In the settlement-value review step, lenders examine the borrower's net equity in major assets such as home equity, cash, vehicles, and investment properties.

How is wage garnishment potential evaluated?

The outcome is an assessment of likely recovery through wage garnishment. The review includes age, health, and employment outlook as part of future earning potential.

When does the cost of legal recovery affect a smaller lump-sum settlement?

It affects the decision when creditors weigh court filings and attorney fees against the value of an immediate smaller lump-sum settlement.

Sources

  1. https://secondwindconsultants.com/resource/sba-loan-offer-in-compromise-calculator

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