At the beginning of the year I set up a business where we put personal borrowings into the business to get it going. We are starting to get to a point where if monies don't start to come in soon we will have to declare ourselves bankrupt. We have about 12K on C/Cards along with a personal loan of c.11K and my wife has recently taken a loan of 10K. We will not be able to pay any of the above off as we both work in the business. We are home owners but have a parent name on the mortgage for affordability issues. Will they be effected if we delcare ourselves bankrupt? There is only c.15K equity there so not enough to pay everything off. What would be our best route if things didn't work out?