To make an extremely long story short - We have an SBA disaster loan we obtained after our house was flooded in 2005. We rebuilt, and paid on the loan faithfully. Then the house flooded again in 2009. With the cost of renting another place to live, dealing with BOA (who held the first mortgage and kept the insurance pay out in full and did not settle with SBA on any of it), losing a job and being unemployed for several years. We used the insurance pay out for the contents to buy another house, and have had to buy furniture slowly. We haven't paid a thing on this loan since the second flood. We have spoken with MANY attorney's who just tell us they have no idea what to do with it. The Feds have kept a couple years worth of tax returns, and the balance has just increased. Now I own a property that has a house shell structure that continues to get vandalized and broken into. We have to go check it (and usually call the police) and we have to maintain insurance due to the SBA loan. The property is just a drain now. Now we are getting notices of intent to garnish. It takes what we make just live, eat, and pay the bills. We don't buy extravagant things or take vacations (At all). Surely there is SOMETHING that can be done?

I am not a small business loan expert but have you made an offer of compromise, considered bankruptcy, or offered a different payment plan? For bankruptcy if you put on an personal property to guarantee the loan, you might lose it in the proceedings. Also I thought there was a term limit to filling a suit to collect on the loan? You need to start something because the Government might go for garnishing your wages next and it could be as high as 25% I think. As you know these things don't just go away on their own.