HOW TO OVERCOME DEBT IN THE BANK

@sellingofhome My neighbor is in a depression due to defaulted bank loans. This is because the business he is running has gone bankrupt due to the pandemic situation. Some employees were laid off, because they were considered to be able to reduce the company's burden. However, these policy choices cannot solve the problems they are facing. This neighbor plans to sell the house, to get fresh funds that will be used to increase the company's capital. However, a new problem arose, because his wife and children did not agree with this policy choice. Meanwhile, there is no other choice but to sell the house and family assets. As for facing a temporary residence is to rent a house. What are the appropriate steps that my neighbors can take? Between selling the house and the influence of the refusal of his wife and children who object to having to sell the house. There is no other way but to sell the house and assets. What do all friends think?