u/Own_Guidance_3306

Hi all,
I have a very high eidl loan from the SBA that went into default with the treasury. We didn’t even realize it until they took my tax refund and garnished wages.
There’s 3 personal guarantees on it but we can’t pay it. The business already closed down in 2024. Plus they already added the 30% fees.

Any advice. Bankruptcy seems to be the only option but my husband is a high earner and this loan is from before we were married. I don’t want the government to take anything from him bc of this.