In reading your email, you sound overwhelm. As a financial social work educator/coach,
Been there done that, trying to run a business without enough income. I'll spare you the details, but the company is now closed. TG.
"Patience is the best remedy for every trouble"- Plautus
First I would say you need to get real with your obligations, your actual abilities and the overall concept of running a business - it is HARD!
I hate to say this, but your post seems pretty overwhelming and a bit disorganized.
I agree with Gracemae 59 and Marie.
I owned a business with my ex husband and when we got divorced in 2007 I bought it from him. I did not have a clue what I was doing. I didn't know I would end up owing for back taxes, interest, and penalties, as well as a whole bunch for my personal taxes.
Fast forward 3 years and I have learned so much and am finally finding my groove and paying off a substantial amount of debt. I got my head out of the sand and started hitting the books. I, however, use an accountant to file my taxes. I believe that is really important. They can often set you on the right course. What accounting program do you use? Do you review your profit and loss statements and balance sheets regularly? Do you know if you are making money? Because really, there is no point in prolonging this if you are not. I know dreams are important but sometimes it is a matter of changing dreams, no matter how hard that is.
I wish you would have talked to someone when you were at your 99,000 debt mark. They would have told you to declare bankruptcy.
How much do you owe right now? Do you have a plan to pay it off? Do you pay yourself a salary? Can you keep business and personal separate? These are some questions you should ask yourself.
Feel free to ask specific questions. And please take some time for yourself and your kids. This is survivable but it takes time.
You might want to take a money management course to help you on the way.
My DH and I are attending Financial Peace University by Dave Ramsey.