Business debt, Personal debt

Business debt vs Personal debt

Hi to all. I am new here and this is my first post. Here is my story..

I currently have a great credit score, approximately 785. I have approximately $15,000 of personal debt on credit cards

AND another approximately $45,000 if business debt for my and my husbands small construction co, all of which I guaranteed ( believe me, if i could only go back in time….and make different decisions) We are an S. corp, have been in business between 2 and 3 yrs.

The business credit is just about maxed out. So far, all payments are current, but we are struggling. I am expecting that we will not be able to make the business cc payments this month, unless i use my overdraft line of credit on my personal bank acct to pay them. (?)

We will be ceasing operations of the business with 1 to 2 months. We just are not making it. We’ve taken a loss in both of the last 2 yrs.

We are seeking credit couseling with Greenpath debt solutions on tuesday. My husband has a chapter 7 bankruptcy in 2004…This is why the credit is all in my name.

Does anyone know if it is true that when you go to credit counseling you dont have to include all your credit cards?

I am not sure how this is all going to work as part of the debt is personal and part is business…..I am assuming that really… is all personal debt as I guaranteed the business debt.

Anyway, boy I hope they allow this post, I know it is a bit lengthy.