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This is terrible news, the same thing happened to me at the end of 2000, but at that time I would have paid millions for the advice that I would have given myself. You have already learned to have a business, take it, build it, and love it, you can do another one, it is not the end of the world, the difference is that now the path is shorter because you have already learned much more and knowledge is non-transferable. Cheer up.
I'm sorry to hear that you're in such a difficult situation. Laying off your staff and declaring bankruptcy must be a very hard thing to do. It sounds like things have been tough for a while now, and understandably, you've had to make some difficult decisions. I hope you can find a way to get through this tough time.