8 years running a profitable small business, $180-190k in debt, and I don’t know if I should file bankruptcy. Would love outside perspective.
I can’t hire a driver to cover my days off because I can’t afford it, and I can’t be gone entirely because the business needs me. So I work my job, then some days I’ve picked up DoorDash on top of it. As a business owner. I know how that sounds.
I’ve tried Dave Ramsey’s approach and it hasn’t been enough given the scale of this. I’m now seriously considering bankruptcy but honestly feel ashamed even typing that out.
If you were in my position — profitable business, but personal decisions that buried me in debt, family split across states, can’t easily consolidate my presence — what would you actually do? Chapter 7, Chapter 13, debt settlement, something else? Has anyone dug out of something like this while still running the business that got them here?