Sba Form 770 PDF Details

Filling out the Small Business Administration (SBA) Form 770 can be a significant step for individuals seeking a resolution to their debt issues with the SBA. This form, also known as the Financial Statement of Debtor, plays a crucial role in evaluating one's ability to repay debts. Its purpose is straightforward: to collect necessary financial information from the debtor to assist the SBA in making informed decisions regarding debt settlement proposals. Although submitting this form is voluntary, failing to provide the requested information can halt the consideration process for a debt resolution agreement. Importantly, the form comes with a reminder about the legal implications of providing false information, underscoring the seriousness with which this information is treated. It highlights the penalties under 18 United States Code 1001, including a $10,000 fine and/or five years imprisonment, for making false statements. This serves as a strong reminder to ensure that all the information provided in the form, along with any supplementary documentation, is both complete and accurate. Those concerned with how this information is collected, its voluntary nature, how it's disclosed, or its routine use under the Privacy Act have the option to reach out to the Freedom of Information/Privacy Acts Office at the Small Business Administration. This level of transparency and accountability aims to build trust between the debtor and the agency while navigating the complexities of debt resolution.

QuestionAnswer
Form NameSba Form 770
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namessba 770, sba form 770, sba form 770 pdf, debtor financial statement

Form Preview Example

11/30/2011

SBA FORM 770 (10-08) SOP 50 51 PREVIOUS EDITION OBSOLETE

Purpose of this Form: To obtain information needed to evaluate your ability to repay your debt. Disclosure is voluntary. However, failure to disclose will prevent consideration of a debt resolution agreement.

With knowledge of the penalties for false statements provided by 18 United States Code 1001 ($10,000 fine and/or five years imprisonment) and with knowledge that this financial statement is submitted by me to affect action by the Government. I certify that all the above statements, and all information submitted with this form, are true and correct and that it is a completed statement of all my income and assets, real and personal, whether held in my name or by another.

Any Person concerned with the collection of this information, its voluntariness, disclosure or routine use under the Privacy Act may contact the Freedom of Information/Privacy Acts Office, Small Business Administration, 409 3rd St., S.W., Washington, D.C. 20416

SBA FORM 770 (10-08) SOP 50 51 PREVIOUS EDITION OBSOLETE

SBA FORM 770 (10-08) SOP 50 51 PREVIOUS EDITION OBSOLETE

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You could complete sba form 770 download easily with the help of our PDF editor online. To make our tool better and simpler to use, we constantly come up with new features, taking into consideration feedback from our users. All it takes is several basic steps:

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This PDF will need particular information to be typed in, thus you need to take whatever time to fill in exactly what is asked:

1. Whenever completing the sba form 770 download, make certain to incorporate all of the important fields in the corresponding part. This will help speed up the process, which allows your information to be handled promptly and properly.

Best ways to fill in form 770 printable part 1

2. Once your current task is complete, take the next step – fill out all of these fields - Total, OTHER DEPENDENTS NUMBER, FIXED MONTHLY EXPENSES TO NEAREST, Name, Relationship, Age, TOTAL MONTHLY INCOME OF, FOR WHAT PERIOD DID YOU LAST FILE, WHERE WAS TAX RETURN FILED, AMOUNT OF GROSS INCOME REPORTED, Rent or House Payment, Utilities, Food, Interest, and Insurance with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Tips to fill in form 770 printable step 2

3. The following section is mostly about ASSETS Fair Market Value, LIABILITIES, Cash, Checking Accounts Show location, Savings Accounts Show location, Cash Surrender Value of Life, Motor Vehicles, Make Year License No, Debts owed to you Name of debtor, Stocks bonds and other securities, Household furniture and goods, Items Used in Trade or Business, Other Personal Property Itemize, Bills owed grocery doctor lawyer, and Installment debt car furniture - complete every one of these blank fields.

Completing section 3 in form 770 printable

4. Completing Other Personal Property Itemize, Real Estate Itemize, Other Assets Itemize, TOTAL ASSETS, Total Liabilities, Net Worth, CONTINGENT LIABILITIES, LOANS PAYABLE, Owed To, Date of Loan, Original Amount, Present Balance, Terms of Repayments, How Secured, and REAL ESTATE OWNED Free Clear is crucial in this fourth step - ensure to don't rush and be mindful with each empty field!

Stage # 4 in filling in form 770 printable

It is possible to make an error when filling out your REAL ESTATE OWNED Free Clear, consequently be sure you go through it again prior to when you finalize the form.

5. To wrap up your document, the particular area incorporates a couple of additional fields. Filling in NOTE USE ADDITIONAL SHEETS WHERE, PAGE, and SBA Form REF SOP Previous should finalize everything and you will be done in a snap!

Filling out segment 5 of form 770 printable

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