Should I file for bankruptcy?

Dear FSB: We are a very small family landscaping business (sub S-corp). Our work season hasn't started and we're already in debt by about $12,000. We're looking to borrow up to $10,000 more to carry us until the season begins. In the event that we can neither pay down the debt nor pay ourselves, should we consider a bankruptcy filing? If so, which option (Chapter 7, 11, or 13) offers us the best out?

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[Source: Financial news of the day - CNNMoney.com]