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Best Way to Exit a Failed Business

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mattsteinman

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I'll keep this short and sweet.

I've been an Amazon FBA seller the past couple years, more recently creating my own brand (with a trademark), and it has fallen off to the waste side. Mainly because I'm in debt with the business and honestly don't have the passion to further pursue FBA.

I'd like to know what my options are for either selling (not sure I can while in debt and no revenue really) the brand, along with my Amazon account, or just completely folding.

Would declaring bankruptcy as a business be an option?

Open to suggestions, opinions, and what my next steps should be.

Thanks
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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