A bankruptcy will typically wipe out Small Business Administration or SBA loans. However, getting a loan in the future from the SBA will be almost impossible. The SBA can still try to collect the debt from the business if it continues to operate but they will not be able to collect it from you personally if you have filed for bankruptcy. Regardless, it is always wise to contact an experienced bankruptcy lawyer who can explain the consequences of including an SBA loan in bankruptcy.

Duncan Law, PLLC
3447 Robinhood Rd.
Suite 202
Winston-Salem, NC 27106
(336) 245-4294
http://www.DuncanLawOnline.com

This video is meant for informational purposes only. Laws vary by jurisdiction so if you have a specific legal question be sure to contact an attorney in your area. This information does not create an attorney-client privilege and, although we don’t view it as an advertisement, it may be considered an advertisement for legal services. Use common sense, if you have a legal issue contact an attorney who can help you with your specific situation.

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