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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, then personal liability is discharged in the individual Chapter 7 bankruptcy. If the SBA loan is secured, then the security interest is not extinguished by the bankruptcy.

Schedule Your Free Consultation Today

We are here for you if you have questions about filing for Chapter 7 bankruptcy. Contact us online today 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

When You're

Ready to talk

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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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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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