The answer to your question is yes eight SBA loan can be discharged in either a chapter 7 bankruptcy or a chapter 13 bankruptcy. It is a common misconception that government loans cannot be discharged in a chapter 13 or chapter 7 bankruptcy proceeding, but the exact opposite is actually true.
I have responded to your inquiry according to the laws of Massachusetts, where I practice. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options.
Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.
Joseph F. Botelho, Esq.
BOTELHO & ASSOCIATES, LLCAttorneys At Law www.massachusettslawyeronline.com
126 Shove Street Unit 202 Fall River, MA 02724
Office: 888-269-0688Cell: 508-801-6747FAX: 877-475-8147
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Answered on Mar 15th, 2012 at 3:04 PM