Clients are gone, lots of debt, what would you do?
iuguy: Hi,Sorry to hear it's not working out. I hope things start to get better for you. You've done the absolute right thing by cutting your cost base down as much as possible. CatDancer and co have offered some really good things to think about so I won't repeat what they've already said.The 600$/month till the end of January, check your contract. If there's no way out I would talk to the hosters (talk to an organ grinder, not a monkey) if you can't make the payments. Depending on how/where you incorporated you might be able to get out of it easier. I imagine you're looking at a worst case of $1800 till end of contract? If you can't get out try to negotiate an upfront early termination at a reduced cost.The stuff with the Austin marketing guys - how long would it take and how much of your time would it take before you see a return? Is this going to be full time?If your immediate stress is caused by a lack of funds and that your clients have evaporated then I suggest you find a way to make short term cash. If you can do this with a short term contracting gig then it's worth considering. You're not necessarily looking at paying off that 30k, you're looking at bringing up your own personal cash levels to a level where you can think clearly and work out what to do next.Don't liquidate all of your assets if you think that you'll reuse them in your next venture unless the value of those assets will make a material difference to the way you live. You should be able to sell them to your next venture at a cost lower than buying new or reused assets elsewhere. Once you know what you're going to do you'll have a better idea of what to sell and what to keep.