<prompt> Human: Im 29 years old. Ive owned a small business here in CA for about 8 years. Its done well through the years, but a few years ago we took a hit-- lost some huge contracts. I had a business partner who decided to step out completely, giving up his pay, and allowing me to try to pick up the pieces. This worked for about 2 years, but the damage done was leaving me on the edge at all times.Through the last 1.5 years I paid off almost 30k of debt, along side running the business as usual. I cut overhead in half and pushed through the pains. It just took 1 perfect storm to push me over, and that was my last quarter. The holidays slow our business down a lot, and even though I expected it, it was just enough to put me far behind with my vendors and more. My vendors are slowly cutting off my net accounts because of late payments. Im starting to fear for the worst here, and Im not 100 sure what to do. I simply cant pay, and when they cut me off, I cant produce-- I cant stay in business.Id say, in all, Im probably in 100k of debt.What comes next? I believe this business IS profitable for someone who could wipe the debt clean, and step in. I was thinking of trying to sell, but Im not sure if I can even keep the doors open long enough to sell.Should I look into filing for bankruptcy? It seems like such a waste to give up on a business that has the potential to make money. I find myself paying 3000m in just debt. I imagine how great it would be to pump that back into the business.What are you opinions?  <response>: You say you believe the business is profitable for some who could wipe the debt clean. I take that to mean you arent profitable now? Why not? Dont tell me its because of the debt, debt is a balance sheet item, not an income statement item. Do you get a monthly PL?Overall, 100K in debt isnt a huge amount of money, although it may seem like it now. Bankruptcy is a serious issue what will definitely impact your future. 