<prompt> Human: My folks are 77Dad and 72 mom years old and are RealtorBrokers in Central Florida.My dad has been in and out of the hospital for the last month. Doctors think its treatable but he needs to take it easy.They are over 90k in debt. My dad says a little more than half of that is personal debt and the rest is in their companys name. Their company which they run out of their house isnt breaking even and theyve been borrowing from crazy places like Kabbage etc to cover gaps.Last years return showed they earned only a 2k profit for the whole year. Note that they run the company out of their house, 3 bedrooms are devoted to office space. Theyve got a brokerage so they also have agents working with them and an account with a national bank so they receive occasional foreclosed houses to deal with evictionsrepairsHOA violations the works. They have a remote office assistant who takes calls and does the tedious paperwork hes able to do who works for them for about 1400 a month.They have a 2 year old van they are making payments on and one that is paid off. They have about 100k equity in their house and they get roughly 1900 a month from social security.Their house is a large house in a fairly nice area of town and the mortgage costs about 1850 a month. They have about 90k in equity. Maybe they could refinance it to lower their payments? I worry about if their current debt situation would make this too costly as I doubt their credit rating is great.So I think its something like this: Food 600 Entertainment 150 cableinternet plus 100 various? Mortgage 1850 Medicare gap Insurance with Blue Cross Blue Shield 400 Car 500 Prescriptions 100ish Lawn Care 100 Utilities 300Income is 1900 in social securityShould they do bankruptcy? Would they keep their house, car and equity? Theyve gone bankrupt twice before and I know lows are more strict now.My siblings and I have thought about moving them to an apartment so theres less stuff and less expenses, but the rental market is so high right now average for the metropolitan region is 1300 for 1000 sqft2 bed that were not sure if this is such a good idea. We want them to cut down on their expenses and do less but in a way thats going to be predictable over the next decade or so.My thought is if we could get them down to selling a house every other month, and they could forward all their other leads to other agents they know, and take occasional clients. One of my siblings who works with them thinks that selling more than that is unrealistic with the current state of the market.My mom has gotten a substitute teaching job where she can pick up shifts from the county, but shes got bad hips and a bad back so its not sustainable for her to do this very often. I dont know how much income this generates yet.I just worry about the toll the stress is taking on my folks and I fear a downward spiral. How can I get them to break even with their SSN income? Also, anyone have tips on talking to them? Weve asked our pastor to help with this. Its a matter of pride with my folks. They have envisioned selling their business eventually to retire on, and I know little of business or real estate brokerages but its hard to imagine selling a business with no assets, debt, a few agents that work with them and an account with a major bank.Suggestions?  <response>: Sorry for your parents situation, but Im going to advise you that this scenario is way too complicated for reddit. They have personal debt, business debt, not enough income, contractorsemployees, etc.Honestly, it sounds like they just need to liquidate, get whatever they can out of their assets and downsize to a 1-bedroom apartment and try to live simple, frugal lives, but Im guessing thats not likely to happen.A consult with a bankruptcy attorney might be the best next step. 