I had a recent free consultation come into my office to ask me about small business loans and if they were dischargeable in bankruptcy. The debtor received an SBA loan on a property when their home was damaged by a hurricane. Soon the debtor was unable to make payments on the loan and the SBA began to garnish tax refunds as well as attempt to garnish wages.
The debtor came to my office seeking protection from the SBA and we were able to use a Chapter 7 bankruptcy as a means to discharge the SBA loan as well as the automatic stay as a means to prevent the SBA from garnishing the debtor’s wages.
SBA or Small Business Loans are dischargeable in bankruptcy. Our office has filed numerous chapter 7 and chapter 13 bankruptcy cased in Broward and Miami-Dade County, helping debtors discharge their SBA loans.
If you are in debt and are considering bankruptcy as an option to get out of debt please contact bankruptcy attorney Ofer Shmucher of Shmucher Law, PL by calling 305-741-5553 to schedule a free consultation in our Miami office. We represent debtors in Chapter 7 and Chapter 13 bankruptcies in Broward and Miami-Dade Counties.