Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
If you file a Chapter 7 for your business you will likely lose the profit you have coming in.
If you file a business Chapter 11, you should be able to keep some of your profit.
If you do not complete a job for any reason - including that you went out of business - there would be no criminal charge involved, as doing this is not a criminal offense.
I think this is what you wanted to know. If not, please let me know.