Defaulting on a SBA Loan

[samrush]

I’m in the process of defaulting on an SBA loan right now. I have a personal guarantee so I filed for bankruptcy as soon as I stopped being able to pay the loan. The bank has done nothing so far in 3 months. They sent an attorney to the meeting of creditors who asked some obvious questions, but that was it. I have equipment and trucks which are sitting in a parking lot just waiting for them to take.

 

[dontodrin]

Do not worry about it, this is no longer your problem. Any further assistance you give the bank is purely optional.