I am totally freak-out, need advice.

I have a manufacturing company running in Malaysia for the last 16 years. I am sharing with my partner as myself 55% and my partner 45%. We used to make good money but business became slumpping since 4 years ago after we moved in our custom-built factory. We have been suffering from low sales (new projects not been pick up fast as expected), high bank repayment and heavy overhead. We have been continuiously losing about USD0.8M per year (on books, year-to-year) for the last 3 years. And now, the company is in the blink of shutting down. Our bank borrowing is USD3.9M, due to creditors is USD2.0M, personal loan from friends / family is USD2.0M. The total assets are the physical factory is USD4.3M (Market price), stock (USD0.76) + equipment (USD1.3M); all had been assigned to our banker as collectal to secure the above borrowing of UD3.9M As such, the resouces of further borrowing is pretty limited as our current banker is not so interested to give us fresh loan and other possible bankers also not willing to pick up our present package due to the Non-performance of the company for the last couple years. More stressful: I start discovered from 2 years ago my partner snapping money out of the company, one of his excuses is he have been smart enough to take back his director loan. He used his position as General Manager and associate with one of our senior staff (also check cosignee). He doesn't care about the company shut-down as seems he gets all his money back. My question is how I can turn around the company, our monthly sales is at average of USD250K and how can I get some fresh loan (without collectral) as working capital before I can able to get a buyer to buy our factory properties. If I can able to do so, the company liablities can be enlightened as we can pay back this USD3.9M to the bank and further we can free the stock and the equipment. So, any Guru can help to show me what to do?