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Get the advice of an estate attorney to see whether or not your equity is at risk thus depriving your own children of what you may intend to pass on to them...You may have to liquidate the house that your parents owed or there are already liens placed against it if it has not already been seized for debt collection..bankruptcy is also an option . But this is why you need good sound legal advice...It looks like a very sticky situation to be in and must cause a lot of stress for both of you..Good Luck with it...
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