Can SBA Loans be discharged in Bankruptcy?

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Can SBA Loans be discharged in Bankruptcy?

2007-02-26 08:15:54 · 1 answers · asked by Anonymous in Business & Finance ➔ Small Business

Hello everyone. I was wondering if anyone knew if an SBA loan can be discharged in a Business Chapter 7 Bankruptcy. It's not a credit card debt but rather a loan debt. Thanks

2007-02-26 08:17:30 · update #1

1 answers

There is no special treatment given to an SBA loan. It can be discharged just like any other unsecured debt.

2007-03-01 15:12:57 · answer #1 · answered by Carl 7 · 0⤊ 0⤋