I have used this method sucessfully to get "stuck" leaf spring bolts out,when they seize to the steel sleeve in the spring bushing..
Assuming you got the nut off OK,step one is to cut off the head of the bolt..a sawsall or cutoff wheel works best,but a hacksaw will do if thats all you have..dont leave any burrs on the shank of the bolt,file it if need be..
Then you put some washers on the other end,put the nut back on and tighten it..
using an impact gun works best,but it can be done with hand tools too--when you tighten the nut it will pull the shank of the bolt through the sleeve some..you may need to remove the nut and add more washers as it comes out,but usually once you get the bolt to break free and spin in the sleeve,some penetrant and a hammer and punch will drive it right out,or you can spin it with the impact till it comes out..
If and when that fails,Torches prevail!..