Some recent studies have shown that bankruptcy filings among sole proprietors listing the names of multilevel marketing companies as a DBA or FDBA have increased. Carolyn Secor, P.A. can advise you of your options if your business venture did not work out as planned and you incurred unmanageable debt. Suppose you purchased inventory using a loan or credit card. In that case, it may be classified as any other consumer debt, and the business structure of the organization you joined is not likely to impact your bankruptcy filing. The losses may be able to be deducted from your taxes.