I have 625K in secured debt as an SBA loan. My business failed due to fraud and gross inflation of revenues by the person I bought it from. The bank is entering a judgement against me next week for 625K. I have two other small business loans which I have been paying from personal account but cannot anymore. No consumer debt. There is no equity in my home since its market value dropped. My current job just covers my mortgage and other living expenses and nothing to spare. I have a lawsuit against the person who defrauded me, it is one year old and the findings are favorable to me; however it will take another year to go to trial, no settlement in horizon and I ran out of money to pay for it. What is my best option???
Thank you