Childhoodmemoriesart

I am the owner of a small company with only a few employees but a lot of overhead. Lately we have had a bit of hard times because we anticipated the season to be a lot stronger than it was. We purchased a lot of material for an upcoming season and the demand was not what it was last year at the same time. Currently I believe our books show insolvency and I need to guidance as to what to do next. I have heard that I might be already conducting my business illegally because my debt is far greater than my assets.