Small Business Administration collects the information on form 770 from borrowers or guarantors seeking to compromise debts owed to the Agency. SBA uses this information to assess the debtor's financial condition when making decisions regarding a compromise settlement, or other liquidation proceeding, including litigation by the Agency and/or the Department of Justice.
The latest form for Financial Statement of Debtor expires 2021-05-31 and can be found here.
Document Name |
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Form and Instruction |
Supporting Statement A |