Actually, I filed bankruptcy too, and was able to keep my house. I'm sure your parents will figure it out. Afterwards, it will be much easier without all of the debts, which are a HUGE stressor. I'm sure that is affecting all of you.
Don't be afraid - there will be somewhere for your family if you do have to sell the house.
The economy is tough right now, and it's very easy to get over your head in debt.
It WILL be okay, I have faith.
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