California Bankruptcy and Debt Questions & Answers
Q&A
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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Q&A
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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