Ayar Law says it plans to handle SBA 7(a) loan defaults in Michigan. The announcement also names 504 and EIDL loans, but its October 8, 2026 date remains future-dated and unverified as of March 24, 2026.
The supplied announcement is dated October 8, 2026, while the report date is March 24, 2026. No independent confirmation of the planned launch or any later result appeared in the reviewed material.
Ayar Law in Farmington Hills says it plans to add representation for borrowers dealing with SBA 7(a) loans. The announcement also covers 504 and Economic Injury Disaster Loans. The proposed work could run from lender negotiations through collection by the U.S. Department of the Treasury.
The stakes can reach beyond the company.
When an SBA loan is charged off and referred to the Treasury's Bureau of the Fiscal Service, owners who signed personal guarantees may face exposure of personal assets. A forgiven balance may also raise cancellation-of-debt tax issues. The IRS result reviewed for this report concerned cybersecurity, not SBA loan collection, debt cancellation or related tax treatment.
Local government records do not establish that a private law firm is authorized to represent borrowers before the SBA, Treasury or IRS. The City of Farmington Hills is a separate public entity. So are the City of Farmington and Oakland County administration. Based on the reviewed material, none certifies Ayar Law's federal collection authority. Prospective clients should verify attorney licensing through the appropriate Michigan departmental registries. They should also confirm any required federal representation authority with the relevant agencies.
What the firm says it will handle
Founder Venar Ayar is expected to lead the service through the collection process. Before a lender refers the debt to Treasury, Ayar Law says it can negotiate modified terms. It also lists structured repayment plans and settlements for 7(a), 504 and EIDL loans. The available research did not identify an official SBA or Bureau of the Fiscal Service page confirming new procedures, statistics or policy changes tied to the announcement.
After a debt reaches the federal collection stage, the firm says it will pursue Treasury repayment agreements based on documented financial capacity. It also plans to seek Offers in Compromise that could resolve the balance for less than the full amount owed. Hardship status is listed for borrowers with no realistic ability to repay. Those descriptions cover the proposed service. They do not guarantee that a borrower will qualify or that a federal agency will accept a requested resolution.
The service menu also includes SBA Offers in Compromise before Treasury referral. Such cases may involve collateral liquidation. They may require documentation showing why the borrower cannot pay the full balance. Ayar Law says it will review personal-guarantee terms and seek to limit personal-asset exposure. It also says it will coordinate with parallel IRS collection activity when applicable. The precise legal authority and scope of any representation should be confirmed with the firm and the relevant agency.
Loan default can create tax exposure
A settlement does not end the analysis for a business owner. Ayar Law says its work will include reviewing potential cancellation-of-debt income. The firm also cites required IRS filings and payroll-tax defense where applicable. That review can matter because a loan resolution may affect more than the amount paid to a lender or Treasury. Tax consequences depend on the transaction and the borrower's tax circumstances, so the announcement is not a tax ruling.
The firm describes the engagement as a three-part process. Attorneys will first review loan documents and collection status. They will examine personal-guarantee terms and possible IRS exposure. The next step is a resolution plan based on the owner's finances and tax position, followed by analysis of the tax consequences of any settlement reached.
The approach depends on where the debt sits. Negotiations with a lender and early collections may offer different options from a case already referred to the Treasury's Bureau of the Fiscal Service. Collection status therefore becomes a key part of the initial review. No independent case outcomes, agency decisions or later developments tied to the planned service were found in the available search results.
Farmington Hills firm expands its tax practice
Ayar Law is described as a tax law firm focused on federal and state tax collection. Its stated practice also covers audits and criminal matters. The firm handles tax-court litigation and appeals before the IRS and Michigan Department of Treasury. It also addresses other serious tax problems involving individuals and businesses. The firm's founder was the subject of an earlier recognition report covering professional honors in tax law.
The firm's announcement directs business owners to Ayar Law's SBA loan default attorney page at https://ayarlaw.com/sba-loan-default-attorney. It lists a Farmington Hills office at (248) 262-3400 and a Grand Rapids office at (616) 244-2444. Farmington Public Schools board records do not establish the firm's federal authorization. Local civic calendars also provide no independent confirmation of the announced service. Those public bodies have no identified role in SBA loan collection.
For general municipal information about the city where the firm is identified as operating, residents can consult the City information portal. That municipal resource is not an endorsement, licensing record or confirmation of Ayar Law's federal representation authority.
The announcement does not promise that every borrower will qualify for a settlement or repayment plan. It presents Ayar Law as adding a service aimed at legal and tax problems that can follow an SBA default. The announcement also distinguishes lender-level negotiations from Treasury collection. Because its date remains in the future relative to this report, borrowers should seek updated confirmation before relying on the service's availability or scope.
For owners confronting an SBA default, the debt can involve the company and personally guaranteed assets at the same time. Tax filings can become part of the matter as well. Ayar Law's proposed expansion is described as offering a single legal review focused on those connected risks instead of treating the loan balance as an isolated business expense. Borrowers should preserve loan records and guarantee records. Tax and collection records should also be retained. Advice should be tailored to the borrower's circumstances.
