I had several loans w/ personal guarantees for a business that is no longer profitable. The business has ceased operations and is now in the process of filing for insolvency. I have been served court papers indicating that one of the banks have filed for judgment and that I must appear within 30 days. Understanding that the outstanding business loans with my personal guarantee have transferred over to me as an individual, is filing for personal bankruptcy the best option if I as an individual have no means of repaying the above-referenced loans? Will the business insolvency come under review when I file for personal bankruptcy? Sidenote: I have no assets to liquidate and am currently being supported by family members.