I currently own a small retail business and I'm at the end of my rope and no longer have the time nor the resources to keep the business running. I've owned the business for over 5 years but was forced to relocate the business about 6 months ago. The relocation has put a great strain on the business. I have a large amount of debt from the initial purchase of the business and can barely pay the bills. The business operates under an LLC and I'm not sure the best process for closing down. Do I file for bankruptcy? How will that affect my personal finances?
Any help is much appreciated.