I started a company a few years ago, which was doing quite well. Over the past year things have been going badly and Iím not longer capable of running it. I've moved onto another job so that I can at least pay my personal bills, but the company is still open to take clients orders, because itís also up for sale and the agent said it's better like this.
At the moment the potential buyer is dragging his feet and I've given the agent until the end of the month or I have to sell it.
Iím in just over R200 000 debt, which is owed to couriers, suppliers, overdraft, and customers who've placed orders, but weíre having trouble fulfilling.
I've tried speaking to my bank about this (FNB), but they donít seem to care at all.
The company is a CC with maybe R2000 in assets.
Right now Iím in pieces as itís so difficult seeing something you've built for years crumble to the ground. I know Iíll eventually pick myself up and try again, but this part is hard.
What do I do from here? How do I proceed?