State: Connecticut
I am a single member LLC. home based company. I had to close my small company due to lack of business, and now I am left with an SBA loan and credit card debt. I sold off my equipment and have used all the funds to pay down the SBA loan (loan + line of credit),but I still owe ($50K) the credit card debt is ($12K).
My husband just started working, and I am still looking for work, and we are drowning in debt (between personal and business) Is there anyway we can declare bankruptcy on our business secured and unsecured debt.
I need some advice on what to do and what my options are at this point.
I am a single member LLC. home based company. I had to close my small company due to lack of business, and now I am left with an SBA loan and credit card debt. I sold off my equipment and have used all the funds to pay down the SBA loan (loan + line of credit),but I still owe ($50K) the credit card debt is ($12K).
My husband just started working, and I am still looking for work, and we are drowning in debt (between personal and business) Is there anyway we can declare bankruptcy on our business secured and unsecured debt.
I need some advice on what to do and what my options are at this point.