Bankruptcy and Debt Questions & Answers

About 5 results within Bankruptcy and Debt

Asked in Portland, Maine | Dec 2025

I have a loan with SBA EIDL and my business was closed 2 years ago.

I got into an accident, and have a $40k SBA EIDL loan, I have been living on credit cards a few months? My business is more than 2 years old and not availed any assets. How can this loan be gotten out of without defaulting or going into bankruptcy?

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Asked in San Diego, California | Dec 2025

I possess SBA EIDL loan and my company has gone out of business 2 years ago.

I have a 40k SBA EIDL loan and a car accident, I have been living on credit cards a few months now? My company is over 2 years old and there are no assets at its disposal. Can this loan be out of the rut without defaulting or going bankrupt?

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Asked in Dumont, New Jersey | Jun 2025

Are the services provided through National Debt Relief Programs effective or do they represent fraudulent activities?

I am contemplating debt consolidation to solve my credit card debt situation. Looking into National Debt Relief.<br /> I intend to avoid bankruptcy while still managing to satisfy the monthly payment requirements that National Debt Relief has set for the next 4 years. Is this worth it ?

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Asked in Abbeville, Alabama | Oct 2024

What If, Chapter 13 Payments Are Just Too Expensive?

About a year ago I had to file for Chapter 13 since I was renting out my house and had additional income. Now, I have returned and live with my parents and my income is fifty less than it was before. I am having difficulties in meeting costs such as food bills, doctors and other emergency incidences. I am also having doubts as to whether I can just get out of the Chapter 13 plan and start making payments for my creditors directly? What can they do if I do this- take my house for instance? What is going to happen if I fail to pay my bill, what are things that can keep me from foreclosure?

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Asked in San Diego, California | Oct 2024

Is it possible to get loan forgiveness for an SBA EIDL if my business has been shut down for more than two years?

I applied for $67500 SBA EIDL loan for my business which is still shut from over two years. Since I was involved in an accident, I have been using credit cards, and at the moment I have no resources. Can this loan be paid without using the option of default or bankruptcy?

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