<prompt> Human: Hey Personal Finance! Long time lurker, really inspired by how much everyone is willing to help out. Never thought I would have to post here but here I am. I am 24 and my mother who is 58 just lost her job. She has zero savings as well as some debts. We were obviously aware that she had a spending problem and we were working to rectify that but with the job lose we are lost for our next move. Below is an outline of her debts with rough number:IRS Debt: 50K outstandingStudent Loan Debt: 75K401K Debt:50KJust borrowed from her 401K to pay off 50K of IRS debtLexus Car with 15k left at 14Yes this is ridiculous she pays 800 dollars a month for the car because her credit is terrible due to IRS leanAssets: 50K in 401KShe recently just signed a new lease for an apartment for 1400.She made over 100k a year in the oil and gas industry and spent every dollar she had. The market is not great so we are expecting it to be rough for her to get a job.The main questions I have are below. I would appreciate any advice you have.1. How do we handle the apartment lease. The buyout is about 4 grand that we dont have?2. Best course of action given the debt?3. Bankruptcy an option?Please help! Thank you!Assistant: Couple things to get straight, the 50k to IRS, was that before or after the payment from the 401k loan?What was the nature of her being let go? We dont need specifics, but the economy isnt still crap, it will be hard, but as long as she wasnt embezzling she can still find another job.Sell the Lexus to get rid of that debt, is it worth 15k? I dont know why people keep thinking its a lease, no lease that I know of gives a car to someone with horrible credit, or at 14 eitherTry to find someone to take the apartment, else, start trying to find 4k.Making 100k a year, shes got to have SOMETHING of value...start selling...She needs to get a job, something, so she has an income, and has to budget, HARDCORE! Like rice and beans status.All I can say is once she has an income she can start chipping away at the debt...if she can get another gas and oil job, she should have a decent enough income to attack the debt providing she lives like the college student that racked up the loans that shes probably been carrying for a while...I know it seems heartless, but if she was making 100k she has no excuse, my mother whos made no more than 37k her whole life has no excuse shes broke too, and Im just as hard on her, partly because Im saving for my own sons future and dont have time to parent my own mother!.Human: She had 100K in IRS debt due to fees and penalties for withdrawing from her IRA around 2008 when she was out of work for 2 years. So she borrowed from her 401k 50k to help settle some of the IRS debt. She currently has 50K left in IRS debt. Dont really know if it made sense to do that but I was not consulted at the time. I think the car is definitely worth 15k or more. I think our best bet is to sell it as soon as possible.Currently put up listing on craigslist. Trying to find a replacement.She was let go due to the oil and gas market and her being with a small firm. Not a lot of oil and gas jobs currently. She is currently looking for jobs in all fields that she would have experience in.  <response>: Wouldnt she have had to spend something like 400k in 2 years to owe 100k in taxes? What did she spend the money on? Sell it! 