what percent of an sba backed loan, may a business owner be responsible for in a bankruptcy?
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what percent of an sba backed loan, may a business owner be responsible for in a bankruptcy?
by Christine_C » Thu Oct 28, 2010 6:51 am
Own a small business. May have to close and declare bankruptcy. Have an SBA loan that is backed 50%. Am I responsible for the whole balance of the loan or 50%?
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