SBA Guaranteed Loan Personal Debt
(new port richey fl)
The IRS kept my ta return and informed me that I owed federal debt from an SBA loan with a personal guarantee for my husband and my company ( i owned 10%) which went bankrupt in 2002. I am 72 and disabled we never heard about this debt until the IRS kept the refund.
I called the Progressive Financial Co, and i was told they could take my Social Security if I don't pay $668,000. We were told by our lawyer that sba was writing off the loan since had put all assets into the co. and only had our social security and my husbands army retirement.
We have not had earned income since 2001. What can I do? My husband is 79 had prostate surgery, brain surgery and adrenal surgery and still has 20% disability from the army shold we get an attorney and what kind?
We live in new port richey fl in an adult community.