He feels that he has no way out and the only course of action available for him is to file bankruptcy. I told him to sell the house before his mortgage loan contract expires and whatever he earns from the sale, apply it to pay off his second mortgage, move to an apartment and then just gradually pay off his credit cards. He has three daughters and his wife doesn't work. My brother is so depressed right now so whatever help or advice you could provide immediately is greatly appreciated. Your brother has very serious financial problems, and he should be worried.
Bankruptcy is an option.
If he is intent on paying back the loans, then he should start negotiating with his creditors so that the interest on these loans might be frozen and he can set up a repayment plan. They can help assess his budget, and discuss what options are available to him. The CCCS will often recommend repayment before bankruptcy. But if there is no way out, then your brother will need to consult with a bankruptcy attorney. You should see a mortgage lender and get yourself preapproved for a home loan at the current interest rate.