<prompt> Human: Hi Reddit,My parents and I are first generation immigrants. While they have sacrificed a lot for me to grow up in a nice suburban town and get my brother and I through college they arent very financially literate. They suffer from several financial issues and my brother and i very financially stable are at a loss on how to help them without taking on a large loan ourselves to relieve them. Problem 1 they own a small business that is a sinking ship. They are behind on rent and the building manager has already discounted their rent from 5000 to 2000 and they still havent paid in 4 months. They want them to pay 8000 immediately or close the restaurant. The restaurant seems to cost more than help but its their only source of income as they are old and have poor English to get really jobs. Problem 2 they have a massive credit card debt that prevents them from ever being able to be above water.Problem 3 my mother has already filed for bankruptcy once in her life so the restaurant and credit cards are all in my dads name who may soon have to also file for bankruptcyAny suggestions on how to approach this situation? We were thinking of these 2 options:Option 1 close the business and try to find them a real job. Downsize their lifestyle as much as we can and file for bankruptcy on the credit card debt Option 2 take out a loan for them for 8k and pay the building. Manage their finances going forward with a financial plan. Its possible they are netting a loss every month with the businessAny insight would be helpful! Thanks!  <response>: Dont loan them money, they need to get a grip on reality, they arent earning an income from their business they are losing money.Go with option 1. It will be good that both their credit is whacked, they arent responsible borrowers. 