Blue, I know it might be costly, but have you considered having a CPA go over your work and make suggestions for regrouping and possibly saving your business and your financial status? They might find the loopholes for you that will bring things back in line.

Often, people who are gifted in creating, managing, and planning are not the ones who should be doing the accounting work and advising about what to do to keep things financially secure. I'd see one if you think it can help.

He might recommend consolidating some financial obligations and lowering interest rates and making it possible to borrow additional money until you get your business back on its feet.

There are answers for you, but you need advice from those gifted in the accounting field, in my view.

I've never experienced it, but I imagine that even declaring bankruptcy on
the advice of a certified public accountant might save you in the long run
because it could permit you to reduce drastically the amount of money you have to expend each month and that could give you time to recover the business. I'd ask for advice at this point.

Take care. It can be worked out for you and with your help.