Commercial property underwater

[Jay P.]

I am a minority partner in commercial property that is underwater. I and my partner bought this property before the meltdown. To make it simple paid $2 mil probably worth $1 mil or less. My partner run the property barley staying afloat. Loans is SBA 7a with personal guarantee. My name is not on the loan. We have tried to work with bank to see what they can do to help us. Not going anywhere. Any suggestions?? I have read on forums about some companies helping with lowering principle Has anyone had experience with them are they actually worth looking into. Another issue I do not know the answer to. If property does go under. I being minority partner not on the loan will I be affected by bankruptcy??