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Donald Todrin
Works at Second Wind Consultants
Attended University of Massachusetts Amherst
Lives in Northampton, MA 01060, United States
103 followers|6,344 views
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Donald Todrin

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I love fall as well. Actually I love all four seasons each one has its own beauty and charm. Together all four make the year go by so fast. Enjoy every day of your whole life. We only do it once. 
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Donald Todrin

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If you have an unresolved SBA debt with the US Treasury Department, you have likely been told by them that "any settlement offers below 50% will not be reviewed" 

NOT SO!

The good news is that we have been successful in settling with the US Treasury Department lately. What was once a department that rarely took low offers, is becoming more flexible...so read this article to learn more about your options. 

http://secondwindconsultants.com/how-to-successfully-negotiate-with-the-us-treasury-department
Our strategies for reducing your business debt and how to successfully negotiate the reduction of your personal guarantees with the US Treasury Department.
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Many of our clients suffer a credit hit when their business gets into trouble. When the workout is finished they ask us how to rebuilt their credit rating. So what is the best way to get your credit score back up?

There is no one silver bullet, but utilizing a combination of these strategies will certainly get you on track. 

Read this article to learn what you can do now to rebuild your damaged credit score. 

http://secondwindconsultants.com/what-can-you-do-to-improve-your-credit-score-easy-steps-to-rebuild-your-credit-fast
What can you do to improve your credit score? These easy tips will help you raise your credit score fast.
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Donald Todrin

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If you are struggling to pay your SBA loan, when you default and fail to reach a settlement, do you know where that loan is going for collections?

It ends up at the dreaded US Treasury Department. 

We receive calls every day from debtors who are struggling with the US Treasury Department. This is a huge nasty organization that collects tax debt, defaulted student loans and other federal debts. You don't want to end up there. 

If your loan does end up at the US Treasury, READ THIS ARTICLE to understand what the "Treasury Offset Program" means. 

http://secondwindconsultants.com/how-do-i-settle-my-debt-with-the-us-treasury-department
Many debtors wonder How do I Settle my Debt with the US Treasury Department? This article will shed some light and get you on the path to a settlement.
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Clients always ask us, "how should I prioritize all my creditors?" It turns out, most of them have never created a business debt management plan or even know how to begin. 

The truth is, when a business has tight cash flow and creditors pressing them for payment, it is hard to know who to pay and who to push off. You need to create a proper debt schedule and debt payment plan and set your priorities. 

And most importantly, you need to stick to your plan once you set these priorities. 

Learn how by reading on below....

http://secondwindconsultants.com/business-debt-schedule-how-to-best-prioritize-your-debts
How to best prioritize Your business debts using a business debt schedule.
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In my last blog post the ONE question everyone was asking us over and over again was: 

"I have a SBA lien on my house, how do I take it off?"

Great question, so we decided to write a follow up post to help you from losing your home because of the SBA's lien. Truth is, YOU CAN LOSE YOUR HOME in an SBA default if you do not deal with the lien properly!

To prevent you from this disastrous situation, read this article. 

http://secondwindconsultants.com/how-to-get-an-sba-lien-release-on-your-home
Strategies for negotiating a SBA lien release on your home from an SBA guaranteed loan without losing your home or foreclosure.
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Can Bank Accounts Be Garnished in an SBA Loan Default?
Do you know that with one simple measure, you can prevent your creditors from attaching to your bank accounts? Your bank accounts are ALWAYS in jeopardy of being garnished by a creditor unless you take these few small measures.

Don't get your accounts swept by a creditor when in default and entering a settlement or workout negotiation. Read more about how to protect yourself.

http://secondwindconsultants.com/can-bank-accounts-garnished-sba-loan-default
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Donald Todrin

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Many of you business owners out there have business partners and let's face it, these are not always a match made in heaven. 

When things are good, no one thinks about your joint debts, but what happens to the debts you co-guaranteed when your business goes into default?

If your partner files bankruptcy, you are basically left holding the bag...so read this article to understand what your options are.

http://secondwindconsultants.com/my-business-partner-filed-bankruptcy-what-happens-to-our-joint-debts
If your business partner filed bankruptcy, what happens to the debts you are both obligated on?
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Donald Todrin

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So your business cash flow slowed down and you needed capital to keep your business going. You went to the last funding source out there...the merchant cash advance, didn't you?

Now you realize you can't fulfill their ridiculous payment terms, right?

So, you are now wondering, what happens if you end up defaulting on a merchant cash advance loan.

In fact, I would say that most of our new clients carry merchant cash advance loans these days. It's no surprise, as this has been a huge growing industry when traditional banks refused to lend to small businesses. There have been $billions of loans through MCAs since 2009.

So please, do yourself a favor and read our article on the subject to find out what your options are.

http://secondwindconsultants.com/defaulting-on-a-merchant-cash-advance-loan
If you are defaulting on a merchant cash advance loan, here is what you need to know to get through the default safely and securely.
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Are you in default and worried about your retirement accounts?

So you and your business are feeling some financial stress. You may have borrowed from banks, family members and depleted savings to keep your business alive. All you have left is your retirement accounts. So are they safe from your creditors if you default?

READ THE FULL ARTICLE HERE BELOW to find out the answer.

The reality is that it all depends on what type of accounts you have and the laws of that particular state. Read the article and you will find out more about your particular situation.

http://secondwindconsultants.com/can-a-creditor-take-my-retirement-money
When facing default on a loan, it is good to know whether a creditor can take my retirement money. This article uncovers the rules.
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Clients always ask us about debt forgiveness converting to ordinary income. What does this mean in plain English?

If you are forgiven of a debt, the IRS sees this debt as "income" and you can be taxed on the amount of debt you had forgiven.  

Wow! This could mean a huge tax bill if you owe a lot of money, but there are some things you should know about avoiding this tax. 

The truth is, almost none of our clients ever pay tax on their debt forgiveness.  Read more about this issue here. 

http://secondwindconsultants.com/how-does-debt-cancellation-income-affect-your-tax-return
How to avoid paying taxes on debt cancellation income or be prepared for debt forgiveness converting to ordinary income
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Donald Todrin

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Building on our article earlier in the week when we showed you the ideal hardship letter, this guideline will show you how much you should actually offer for your SBA debt settlement. Read this guideline to get an understanding of how what the bank will be willing to accept.

http://secondwindconsultants.com/sba-loan-offer-in-compromise-calculator
Learn the procedures for calculating how much to offer on your defaulted SBA Loan Offer in Compromise.
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Have him in circles
103 people
Rebecca Racz's profile photo
Henry Tong's profile photo
Evangelos Kentros's profile photo
Jared Stanford's profile photo
eric goldschlag's profile photo
joan chaffee's profile photo
Russ Cooper's profile photo
Mitch Edwards's profile photo
Preston Amilia's profile photo
Education
  • University of Massachusetts Amherst
    Economics, 2015
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Male
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Employment
  • Second Wind Consultants
    President / CEO, present
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Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Northampton, MA 01060, United States
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4135842581
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136 West Street, Suite 01, Northampton, MA 01060
I can say that David and his team did a wonderful job recreating our website. We had gone through a number of various firms over the years and we had been sold on several different web solutions that never really delivered any of the promised results. What I like about David is that he set very realistic expectations and created a site and marketing plan that was simple to implement and not based on "pie in the sky" promises. I can say that he and Tom were responsive to our needs and worked hard to make us happy. I'm satisfied with the final product. Thanks again guys.
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Public - 8 months ago
reviewed 8 months ago
I had some significant tree work to be done, large, old and dangerously hanging over my home. I needed the best tree men I could find. I called the big guys, the largest tree business in the area and while they were qualified and I knew they could do the job, I still wanted a few more bids, one of which was from Eric's Tree Service. The moment Eric spoke, I knew he was different then all the others. He cared more about me and my trees and it was obvious to me. He was not the cheapest but I just knew he was the best, I immediately liked him I felt I could trust him. They all could cut the trees down but I knew he would do the best job. He trimmed some trees, rather then cutting them down, "I can save this tree" he would say, and was more interested in doing what was best for me than earning more money. The end result was excellent and he cleaned up impecably, he even patched a few spots of lawn, reseeding some grass he had inadvertently torn up. You need only one estimate, from Eric, as he is the man you want to do your tree work.His selfless commitment to his customers best interests is very clear. I now have him do all my ongoing tree care. He has educated me about what is needed to best care for my trees, and more importantly he has demonstrated what a great man he is and what a great company he runs and therefor I can trust him to do the right job at the best price. In a word, Eric's Tree Service is the best.
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Public - 9 months ago
reviewed 9 months ago
3 reviews
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the food was excellent, and the menu very creative. The recipes where unusual and very tasty, I highly recommend this experience. However the article in the regional magazine which attracted my attention featured a wonderful scallop dish which I wanted to order but was unavailable the night I was there. I will have to return to try it out! I will gladly return.
Public - 2 years ago
reviewed 2 years ago