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Are SBA Loans Dischargeable in a Chapter 7 Bankruptcy?

Yes. Be sure to distinguish between a businesses bankruptcy, individual bankruptcy, loan guarantee, and secured SBA loan. SBA loans are dischargeable in a Chapter 7 bankruptcy. SBA loans are also dischargeable in a business bankruptcy. If the SBA loan is guaranteed by an individual Chapter 7 debtor, personal liability is discharged in the individual Chapter 7 bankruptcy. If the SBA loan is secured, the security interest is not extinguished by the bankruptcy.

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If you have questions about filing for Chapter 7 bankruptcy, we are here for you. Contact us today online or by telephone at (888) 910-6652 to schedule your free initial consultation with an experienced bankruptcy lawyer

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Categories: Chapter 7
  • Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

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"The Law Offices of James C. Shields is located in Torrance and proudly serves clients all throughout the South Bay including:

  • Long Beach
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  • Los Angeles
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  • Manhattan Beach
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  • Rolling Hills
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  • Playa Del Rey and Culver City
Law Offices of James C. Shields - Torrance Bankruptcy & Estate Planning Attorney
Located at 21707 Hawthorne Blvd, Suite 204
Torrance, CA 90503.
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Phone: (888) 910-6652
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