Can we salvage something of this without going bankrupt?

If I had the money to spend when I was 23 I probably would be bankrupt.  

I'm not a flipper, so the rates that hard money go for would bankrupt me.

If i was you i would ask a local lawyer about your situation and there equiomemt, I'm thinking the previous company may have gone bankrupt. what sort of commercial building is it , and whats your plans with it.

So there should be very little to no interruption in service if they were to go bankrupt.  

During the financial crisis & real estate meltdown, many solvent companies/people went bankrupt because they didn't have enough liquidity, and therefore defaulted on their obligations, and some/many (technically) insolvent companies which had a decent amount of liquidity survived the crisis.  

It's the only reason I didn't go bankrupt.

If you're planning on robbing banks as a side line and want to hide out, put your properties in someone elses name that has a low risk level of going bankrupt or getting divorced!

,My investing group has success story after success story of new people coming in with no money (bankrupt, unemployed - sometimes for years)  and no credit (how does 420 grab you?)

I also work with another guy who lost his butt and went bankrupt from real estate.