Can SBA EIDL Loans Be Discharged in Bankruptcy?
Correction: 01:21 The interest rate for SBA EIDL loans is 3.75%. If you or your business took out an SBA EIDL (Economic Injury Disaster Loan) during the COVID-19 pandemic and are now struggling with repayment, this video is for you. Topics we explain: The key differences between EIDL loans, PPP loans, and other SBA-backed loans Whether EIDL loans can be discharged or restructured in Chapter 7 or Chapter 11 bankruptcy How secured vs. unsecured claims impact what you owe What options you may have — including cramdown, debt relief, and loan modification 🔔 Subscribe for more legal tips and advice! Follow us on social media: Instagram: @kecklegal Facebook: Keck Legal, LLC LinkedIn: Keck Legal, LLC www.kecklegal.com
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