If a defaulted borrower does not submit the Bank or the SBA a reasonable "OIC" Offer in Compromise the loan will get passed down to the US Department of Treasury. If the SBA feels like the offer is simply to low, incomplete, or ignored they simply turn the file over to U.S Treasury to attempt to collect their debt. The Treasury uses 5 different collection agencies to collect these debts which adds a hefty 28% addition to the amount. I have gotten a ton of phone calls and emails in the last few months from defaulted loans in the Treasury Department. The outcome is much more harsh for the defaulted borrower if the SBA passes the file down to the US Department of Treasury. There is a window of opportunity to work with the bank and the SBA before that happens. When we present these OIC's for our clients they are very in depth and supported by every single piece of paperwork and documentation that the bank or the SBA needs to make a rational and acceptable decision. I am always more than happy to take phone calls or emails from anybody needing advice on submitting or preparing an Offer in Compromise. Ryan Lineham - Sean Rosser - Bridge Management Consulting - Ryan@BridgeMgt.com