sell what you have and pay off the debt what you can. Or file for reorganization, chapter 11 or whatever number it is.

Show your partner the balance sheet and the income that you bring in and the income that he brings in.

Things are tought all over, I shut my business down way back in January 2001 and put it on hibernation. My partner started doing business by himself, being self employed.

Cut back on expenses what you can, until you can find a way to save the company.