Q: IN AUGUST OF 2017 I HAD TO FILE A CHAPTER 7, IN THIS BK WAS THE BALANCE OF A SBA LOAN ORIGINALLY $35000 NOW$15700 FHA ?
ESSENTIALLY THE ONLY WAY TO REFINANCE OUR PROPERTY IS THROUGH FHA WE ARE 69 YEARS OLD AND THE FRESNO CA. OFFICE PLACED A NEGATIVE REPORT ON A CAVIRS REPORT AND EVEN KNOW WE HAVE NEVER BEEN 30 DAYS LATE ON ANY MORTGAGE-FHA WILL NOT REFI UNLESS SBA REMOVES THE NEGATIVE AND PAY THEM WITH A NEW MORTGAGE A AMOUNT OF$15800 PLUS INTEREST OF ABOUT $3200 I ASKED THE MANAGER OF SBA COLLECTIONS IN FRESNO ABOUT THIS AND HE SAID HIS BOSS WOULD NOT EVEN WAIVE THE INTEREST --I FALSELY ASSUMED A CHAPTER 7 WOULD GIVE YOU A FRESH START AND NOT BE HELD HOSTAGE BY OUR OWN GOVERNMENT ? DO I HAVE ANY HOPE HERE OR JUST HAVE TO PAY THEM
A: You are not obligated to pay the debt as it was discharged. However the SBA and FHA are not obligated to continue to do business with you at all. If the liens were not avoided, they are still valid. You should consult an experienced bankruptcy attorney who can consider all your options, but chances are you will have to pay it 15k.
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