Facing Sba Loan Foreclosure

Summary

Chapter 11 bankruptcy can help reorganize debts and potentially modify SBA 7a loans. Personal guarantees often persist even after bankruptcy. Consult a bankruptcy attorney for personalized advice. Resources for finding bankruptcy attorneys in Utah include the Utah State Bar Lawyer Referral Service, LegalMatch Utah, and Free Legal Aid Utah.

Full Conversation

facing foreclosure on an SBA 7a loan and have personally guaranteed it. Are you looking to explore the option of filing for a business Chapter * bankruptcy to potentially modify the loan?
Hello ****, it seems like you're going through a tough time. Here are a few things to consider:
- Chapter * bankruptcy can help reorganize debts and potentially modify the loan
- Personal guarantees on SBA loans often persist even after bankruptcy
- Consultation with a bankruptcy attorney is recommended
Would you like information on bankruptcy attorneys in Utah?
yes
Sure, ****. Here are some resources where you can find bankruptcy attorneys in Utah:
*. Utah State Bar Lawyer Referral Service - www.utahbar.org
*. LegalMatch Utah - www.legalmatch.com
*. Free Legal Aid Utah - www.freelegalaid.com
Please research thoroughly to find the best attorney for your situation.