Porn is not a magic :D

If you had a little more than 2 weeks... different story... In your case... you're prolly toast.

Not necessarily. If the owner knows that the business can come out of it say in a few months and start remaking payments - a good lawyer can most likely get proceedings delayed.

It's in a bank's best interest to continue to collect interest acrueing loans. If they have to reposess the business, it will cost them trustees, lawyers, continue to pay staff & operational costs until they find a buyer. They also have to make deals with the other creditors and all of this adds up. If the owner has a comeback plan & can make deals with creditors & a payback plan with the bank, they would much rather make a long-term deal than take it back. If the actual value of the business is 3-4x the value of the loan - they may take it back incur the costs and resell it undervalue.

Fun lovin' criminals sung a song about it only to discover the 180,000 they spent on the scooby snax didn't get them wasted afterall and having failed miserably as bank robbers, found shaggy had a new meaning.
Not sure what you will do though, cause one things for certain, whoever sells those scooby snax would be my odds on favourite - but remember, don't buy the scooby snax - then your twice as screwed.