We're $4.5M In Debt And Don't Know What To Do

I am a stay-at-home mom of two young kids and my husband is a business owner. I've been living with my head in the sand for the last couple of years as he's managed the money and I've just recently discovered how poorly he's been doing that. That we are in a world of debt right now and trying to find a path out of it. Okay. So what what caused you to suddenly become aware? Um, he called me one day and said, you before you get the mail today, but we got a foreclosure notice on our house. Oh my god. Which was due to a second mortgage he took out in order to purchase a warehouse for his business. Um, I naively thought, okay, I'm gonna fix this. I'm gonna cash my 401k, pay that off, get the house out of foreclosure. Gonna move forward and do everything right from here on out. Uh, that was very naive. As I started to dig deeper, I realized, um, the trouble that the business was in. He has a very, uh, motivated mindset and he feels like he just needs to keep pushing forward with the business and things are gonna turn around any day and any week and he's gonna be able to fix it. Meanwhile, it feels as if, um, things are not getting better, things seem to be getting worse. Twice this month, he's not been able to make payroll for the employees. Um, I've found out about some IRS debts, some property tax that's delinquent. Um, so why are you discovered one thing? Why do you when the two he tells you everything? Having to continue pull the thread on the sweater. Well, eventually he did once I found that all on the same page today. What's the total debt, Katie? Uh, about 4.5 million. Okay. And how much on your home? Uh, our mortgage is we owe 480 on the house, plus the additional the second mortgage, which is 400. So about 880. What's the house worth? What's the house worth? Probably 1.1. Okay. What's the uh mortgage on the warehouse is there one? Uh, the mortgage on the warehouse, yes, there is. The mortgage on the warehouse, we owe about 3.3 on it. Uh huh. And the monthly payment on 26,000. What's it worth? What's the uh mortgage on the warehouse is there one? Uh, the mortgage on the warehouse, we owe about 3.3 on it. Uh huh. And the monthly payment on 26,000. What's it worth? It's worth 4.1, 4.2. Okay. Is it on the market for sale? Yes. It's on. Okay. So that's on the market for sale. No, okay. And um, so what other debt is there other than these two? Uh, there's credit card debt, which totals about 120,000. Uh huh. There's a personal loan from my parents, which is 115,000. Uh huh. There is the property tax, which is about 100,000. Uh huh. There are are ridiculous cars, which are 140,000. Are they on sale? They need to be today.