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This form will be used by the United States Small Business Administration. The SBA Form 770 is a Financial Statement of Debtor, and it will be used to gain in-depth financial information about a party who owes a debt. This form will require many personal details about monthly income and liabilities. This will allow the SBA to evaluate the party’s ability to repay their debt
This form is typically filed in order for a debtor to see if they are eligible for a debt consideration program. This can help the filer to repay their debt. In order to be considered, you must include detailed financial information. This includes your current job, your monthly salary and other income, and your monthly expenses. This will allow the Small Business Administration to find a payment plan that will work for you and your budget.
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