There is not enough information to give you a complete answer to your question. Is your business incorporated? Or is it a proprietorship? Did you personally guarantee the business's debts (especially the $17,000 credit card debt)?
You are in a difficult situation and it may be more complicated than you think. Use the Attorney Locator Service at the National Association of Consumer Bankruptcy Attorneys website (see link below) to find a qualified local lawyer who offers free initial consultations. Then take advantage of the free consultation so you know exactly where you, and the business, stand.