My father is considering bankruptcy. Here is some background info:
Marital Status: Married (wife just filed for Divorce though)
Doctor Bills: 5,000
Credit Bills: 60,000
Home: 40,000 to 80,000 in equity
Wife is Disabled
Wife just filed for divorce (she was tired of being poor .)
Much of the credit card debt was due to wifes illness and needing to take on additional debt to pay for medical insurance, etc.
He cannot afford his home and has borrowed about 20k from family members in the last 2/3 years to pay his bills (this is not included in the above mentioned debt).
Should he sell the house now given the situation with the divorce or will it reflect poorly with a potential bankruptcy filing?