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First, it appears that the collection agency is in violation of the Fair Debt Collection Act. They cannot "close your doors". They can file suit and obtain a judgment and execute the judgment against the business assets.
Second, a Chapter 11 bankruptcy may become necessary for you at some point. A Chapter 11 is a reorganization of a businesses debts. It could be filed to provide for orderly payment of your bills while you are operating your business in the event creditors had obtained liens and were attaching your assets.
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