We have an SBA loan with a lein on our house.
Assuming we own a second home with no lein on it, if the business is not successful and we expect to lose our home, would it be best to declare bankruptcy and walk away from everything, or just allow a foreclosure on our home and continue to pay all of our other debt?
Regardless of the business, paying all of our personal debt has never been a concern.
I vote for BK Why give money away when you have lost so much already?