Hi. I have been thinking about a chapter 7 recently and have read as much as I could about what it means. This has been a stressful time for me and my family and would hate to do it but I think I have no other choice. The problem is I don't know if I qualify.
But here is the details....
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Family member business loan - - non-consumer CH 7 discharge - - tax write-off option?
My wife and I filed a non-consumer CH 7 bankruptcy in early 2011. Thankfully, everything went smoothly with the entire procedure and the discharge came a year ago in May. My brother had made a series of clearly noted small business 'loans' to us over a four year period from 2006 - 2009. At the time... -
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What happens if I default on a SBA business loan?
What happens if I default on a SBA business loan? I own a business in Texas and I can no longer afford to make the monthly loan payments. The loan was issued by a local bank and its a SBA loan. I am one of four people who is a "guarantor". What does this all mean? Can the bank come after...