Whopping credit card debt

First, kill that business. 

The business is killing your credit, not just the credit card. 

A business that has large inventory costs should not be placed as your personal expense card, the business should be incorporated to be seperate from you ,and inventory should never be purchased in full with a purchasing card.  This is why purchase orders were invented.  Why would you make full payment on anything (let alone plus interest) on goods that you do not even have in your hands.

So liquidate your inventory by doing returns to get the cash back/off the credit card, or sell it all.  Close the business too. Speak to a business advisor and/or lawyer about how much you can entangle from yourself.  And pay off the credit card as best you can.

You have a larger problem of just walking away if this is your personal business and not a corporation.  If you can, transfer the debt to your existing line of credit or mortgage.  This will eliminate the high interest payments, and bring down the monthly payments you would need to make.

If you don't have a line of credit, an existing mortgage, and just a credit card, you will need to declare bankruptcy unless a non-profit credit counseling service is able to help you consolidate your debt.

Best of luck 

I am so sorry about this, and you must be quite concerned about your house and future.  Just remember, that tomorrow is another day, and others have gone through this before.  You can do this.

At this point, talk to a consolidation adviser AND a bankruptcy trustee for your full options.   Both have different agendas (consolidation advisors at times really want all creditors to be paid in full regardless if you live in a cardboard box, while bankruptcy trustees are there to help you wipe your slate clean while keeping as much as possible and affecting your credit rating even for a longer period). 

Please look into both as your first concern is where to live and what life you want to lead. 

Also, go to the bankruptcy adviser first, then the consolidation adviser with all the information you have.  All of your business and personal assets, debts and liabilities.  Because if you decide that you are going to declare bankruptcy, you need to spring it at the last moment possible so that your assets aren't pilfered by belligerent people and is carried out in a manner under the law.  So only you, the business owner, and whichever option adviser you used knows. 

Who knows, both the trustee adviser and the consolidation adviser might give different advice that affects your lifestyle and housing situation.

 Best of luck.