Hi,
Quite a big subject here, i know, but yeah, i have this load on my shoulder and i somehow need some advice.
Seven months ago, I joined a former collegue on his business along with his partners and work for him as a web designer. One and a half months pass, i found out that he is freelancing. Sometimes he puts some projects for the company, but still with some kickbacks. So salaries had been delayed and unpaid. His partners decided to kick him out. They offered me to be a partner instead since they dont know much of the internet business. They said it still not going to be in paper since transfer of shares will take a year. I didnt mind since i have no money invested anyway other than the unpaid salary.
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Sorry, the personal loans and credit cards will pop up very soon in this long story, please be patient 
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I was quite excited that time since i have always wanted to be in a business. I was quite hesitant to accept it since i have some debts to pay regularly, but still i took the offer. I was told that we will be working for the company and not for the salary anymore, the main investor told me. He is quite a nice guy since he was not expecting some big money to go in yet but told us that we need to support ourselves.
It was a roller coaster ride since then. A few projects came, but not enough to support us, so til now, im getting financial support from my fiance, which is quite awkward, and i feel guilty.
I know in my heart that the business will pick up very soon. We have just made some good alliance with some people, although it still not sealed yet but its going there.
The banks have been a very consistent caller nowadays since i have some 2 months overdues on CC's and loans, and interests plus late payment fees and over limit fees are all blooming. Legal actions are a constant phrase from them. Somehow im getting immuned but now i want this to end without quitting the business.
Should i look now for a job? I was thinking of loaning money again from the bank to stop the bleeding temporarily, but friends have told me its going to be a suicide.
My other partner is also a nice guy. He is very talented and the latest work we have done from a very small budget is such a big hit. The client loves it.
We are diverting now in video production, which is more fun and exciting. That is my partners expertise, and what i do is get some clients and do websites.
Whats keeping me here til now is that, people i have met loves our work, and promised that theyll help out.
What will you guys do if you're in my situation?