County assessor has our market value like a lot in town, except we're not in town, not water or sewer or natural gas out here,
I think I figured out why the county has market value on our home so high now. Had an appraisal on our home when hhusband took out the generic SBA 7a loan out for collateral...
desertplains
Junior Member
Last Activity: Today, 12:11 PM
Joined: 01-23-2026
-
Des, I thank you and justbroke for your kindness and taking the time to share your exptise, I have several questions and more infor for both of you, do I respond here or start new threads?
...Leave a comment:
-
Thanks, I think 13 too but my husband will have no income to qualify for the repayment plan since his business is gone. That and he's older now and the sales jobs we rocked back then are few and far between. He's submitting to jobs but no bites yet....Leave a comment:
-
The thing will be how much personal liability remains attached to your real and personal property.
Our home, and my wedding rings basically, no clue what they are worth now after 3+ decades but they weren't that much to begin with. My truck is 2005, not that great. I have ~less than $3K...Leave a comment:
-
Des, I have challenges with my husband, he's friends with his employees and is worried about them when he tells them this last paycheck. Hello! What about us! I know, I know...
I didn't want him to buy the location for his business @ $6500/month on SBA. But he did. Then used MCA's.
...Leave a comment:
-
he signed the SBA loan in Dec 2023. A lady came to my house for me to sign documents.Leave a comment:
-
Thank you, it is an S-corp but don't know if its EIDL How would we find out? He's gathering files from the office this week. the SBA was to buy the building the business is operating from....Leave a comment:
-
Forget about a 7 for the entity. If it is "dead", it is "dead".
And he says he lost his bonding capacity and reputation for a Chap 11 to continue. Devastated, the building he bought was our retirement plan. He says the SBA 7a could forclose on our funky home....Leave a comment:
-
Thank you Des!! The atty that is not responding back advised husband to "let the business wither" We don't understand what that means nor lose our home. We have a $150 consult with Winship on Feb 3....Last edited by desertplains; 01-28-2026, 05:09 PM.Leave a comment:
-
I'm sorry to hear about your marriage. We survived marital turmoil about an decade ago, whatever happens it's him and me (and the kiddos of course). We are old parents, schools think we are grandparents lol....Leave a comment:
-
We can't find an attorney
Complex business chap 7 with MCAs and personal chap 7 in our funky dumb home, Dfaulted SBA 7a on business but lien on our home.
We've talked to a few of the ones that will take on business and personal BK and they said it was too complicated, and one atty just stopped responing to calls... -
New here
Thanks for having me. Family Small Business Failed, could/will be loss of home and or course our income is gone....
No activity results to display
Leave a comment: