USDA Settlement Of Indebtedness For Farmers
With all the changing market conditions, the economic turmoil, and of course, weather issues including drought, hurricanes, tornadoes, earthquakes, floods and fires, there are ample opportunities for farmers to confront financial disaster and their resulting inability to repay their United States Department of Agriculture loans. Farmers, you need a debt workout plan.
Just as the IRS has its Offer in Settlement process designed to offer relief to taxpayers unable to pay their tax obligations, and the Small Business Administration (SBA) their Offer In Compromise program, the USDA offers farmers in distress their own version of debt workout with a Settlement of Indebtedness program. This allows a farmer to settle his loans by doing a debt workout rather than declaring bankruptcy for very short dollars, typically pennies on the dollar.
If you know how to do it.
Like any bureaucracy, the USDA has its written and unwritten guidelines that control success. In most cases there is scant advice on how to succeed within their systems. Frankly, the only real training for such programs is the experience and expertise gained from doing many of them, developing skills from doing, learning what works and what doesn’t work. Second Wind Consultants has done just this, compiling years of experience and resulting expertise. We offer you an opportunity to call us and discuss our strategies and your situation with us.
We welcome you aboard. There are solutions and we know the process.
