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Lien

If I Default on a SBA Loan, Can Bankruptcy Stop an Administrative Lien on my Home?

If I Default on a SBA Loan, Can Bankruptcy Stop an Administrative Lien on my Home?

“Bankruptcy can provide relief for individuals and businesses facing insurmountable debt. It is a legal process that allows borrowers to eliminate or repay their debts under the protection of the bankruptcy court. However, it's important to note that bankruptcy does not automatically eliminate administrative liens on your home. The impact of bankruptcy on administrative liens depends on the type of bankruptcy you file.”