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Scott
You have already received lots of good advice here. Not much I can add except that I would suggest not co-signing any loan. Give (don't lend) your dad whatever you can afford and what he really needs. Get a lawyer to find out what the $600K debt is all about, where did the money go? what was it used for? and what legal obligations your father really has.
Get ready for the guilt trip as it is coming but understand that all you can do is to love your father and do the best you can for him.
Wayne
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Don't get caught dead, sitting on your seat belt.
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