Bad news, and more bad news

1. My father was recently diagnosed with pancreatic cancer.

2. Neither of my parents have life insurance.

3. My parents owe $191k on their home from refinancing on it a couple times. Mainly due to medical bills from another terminal illness my father has.

4. My parents have enough money to cover their funerals. That's it.

5. My folks have been running a small in-home day care business together, so that's income, however it will be reduced once my father is no longer able to help, since mom will have to reduce the amount of children she can take care off.

The good news:

1. My parents have no credit card debt.

2. They have health insurance.

3. Dad collects social security, mom can start doing that next year.

It's bad enough to know that my father, after battling another illness for years, will eventually succumb to one of the most dreadful cancers one could have. Then to add the stress of what's going to happen to the home after that happens. She wants to do a reverse mortgage, would I believe would be the worst thing in the world. It may come down to declaring bankruptcy, however if she does that, where will she live? How would she create an income if she doesn't have a home to run the day care in? The amount of stress is unbearable. The only thing I can think of is to go over her budget with her and see if there's anything she can cut out, and hope that she can get by and the housing market improves sooner rather than later so she can sell. But honestly, I really don't know. I don't know what I don't know. I just feel lost and an intense sense of despair.