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Is the account held by the corporation or you personally?
That doesn't make a lot of sense unless you guaranteed the account.
If you have no personal assets and this is personal debt that you can consider declaring bankruptcy.
For this reason your next step should be to consult with a Trustee in Bankruptcy face to face and discuss the pros and cons of declaring bankruptcy.
They will sue you and they will get a judgment and then they will start trying to enforce it. They could seize assets but if you don't have any they would wait however, if you have wages they will garnish them.