Business and personal BK

[BurgerKing]

My business is carrying about 3mil debt and we can't pay them. We haven't been late on payments but we're starting to face it due to slower economy. There're bank loans, creditcards, suppliers, etc. Only personal gurrantees are bank loans and credit cards. If we continue paying the bank loan to stop them going after my personal. Would this be a wise idea? Or it's too much of a risk?

I would like to know if there's anyway to save my personal BK cuz Personal BK is the last resort....

[keepmine]

It really depends on how your incorp. and if, the creditor can pierce the corp. vail.
At first blush, if business creditors have no recourse to you then, just let the corp die a natural death and you carry on your personal business as usual. But, with $3million involved I can guarantee nothing will come easy. It's time for a chat with an attorney experienced in business litigation.
You may be beyond the help of a internet message board.