Hi,

I filed for BK in 2010 but unfortunately did not get my discharge. Much of what I had in debts I have fallen off due to SOL, and a few paid what I could. I just got in a letter from the SBA out of the Birmingham, AL. office for a loan I took out in late 2008 and had to default due to my business closing up. The due date on the letter says 04/01/2009 for 200K. Any advice if I can settle for a much much lower balance and make payments over time  to pay it? Is there a SOL on this debt? Where do I start?