Ask HN: How best to break up with cofounder?

So the situation is, we both came up with the idea together. She got a loan from a friend for $10K, out of which $8K was spent on getting incorporated, getting insurance, organizing pilot events, building the website, buying software to plug into the website and some other menial tasks. Overall, we have had little traction on the platform and that is because the idea will result in a huge cultural change so it will take a lot of effort to mobilize customers to try it out. Also, since we are financially constrained we have been bootstrapping and both been working on this ourselves, alongside school and haven't been able to spend any money on hiring the right people to market this or to pay for any marketing. Recently, we have very misaligned interests and a lot of ugly arguments so I will like to move on and have informed the other cofounder about this. I however have spent the whole year working on this on the side and will not like to walk ork away with anything gained from it. I am trying to figure out how best to resolve things with the cofounder so we are both able to work away not feeling cheated. How do I go about this. Decide on an equity split arrangement given the effort which has been put in so far or work on dissolving the company assets where everything that has been worked on goes to the debt holder (including the technology, relationships etc). I prefer the later and of course she prefers the later. The third option is for her to only get the brand and the other assets are divided up between us. I will really appreciate is I can get some alternate views on this.