We met with the banker that had our business equipment, 2 trucks and a life insurance policy as secured debt. The SBA backed the loan. Sounds like the banker wants us to drag our feet to liquidate, which is not going to happen. We want to keep one of the trucks and they said they would try to work with us. I have to draft a letter for them to send to the SBA for approval. In the letter I have to advise on a price we are willing to pay. Here is where I need some advise - what value should I offer? Should I offer KKB? or something lower? KKB is around $20,000 and Black Book is around $17,000. Hubby hit a deer about a year ago and it did about $4200 damage which we had fixed. I am not sure what the damage amount is when you have to report it on the title. If we have to report on the title, I think that may be to our benefit. I was not able to find this info on the web (probably not looking in the right place). Anyone have any input on my dilema? This is one of many to come that is for sure. I think after all this is over, I should write a book about why businesses fail and how to proceed with BK!!!! Thanks in advance to anyone that can provide some insight. This site has been so helpful. We wanted to file next week but I guess that isn't going to happen 