Tag bankruptcy types

Can an SBA Loan Be Discharged in Bankruptcy?

The direct answer is that SBA loans are generally not dischargeable in bankruptcy, as they are backed by the government and considered priority loans. However, there are specific circumstances where discharge may be possible. Understanding the intricacies of SBA loans…

Can You File Bankruptcy on an SBA Loan?

Yes, you can file bankruptcy on an SBA loan, but the implications vary based on the type of bankruptcy you choose and the specifics of the loan agreement. Navigating this complex landscape requires a clear understanding of your financial situation…