<prompt> Human: My mom just recently passed and didnt have a life insurance policy. My dad paid 8,000.00 for the funeral. I found all of my moms credit cards, and closed out all of the accounts that were in her name only. In credit cards we have an outstanding amount of 20,000.00 an average apr of 18.69We have 2,000.00 per month going out for mortgage, property insurance, health insurance, car loan, home equity loan, and utilities.On the home equity loan we are currently paying interest only.The income is around 95,000.00 Is this a situation where we claim bankruptcy?I was told that my dad has around 350,000 in stocks, bonds, mutual funds and an IRA. He is very late 60s. I am going to be studying this board and learning about finance as much as possible, but Im new to it all and I want to make sure that my dad is safe and will be taken care of when he retires. Any advice is much appreciated,Thanks!  <response>: See a professional. This is a situation where reddit can point you in the right direction, but a tax professionalLawyer is still your best choice. You dont need to do this on your own. 