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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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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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