Sorry to hear about both of you guys.
Any kind of hobby is a luxury and sometimes it simply has to go. Sometimes permanent and sometimes just to get things straightened out. I would never think twice about selling all my racing stuff if it came down to it. Other things have always been more important to me than toys.
My problem is racing is a drug for me. At some point I will sell it all just to get away from it. It's either 100% or nothing for me. I know some guys that can come to the races a few times a year and are perfectly content running the same times year after year. I can't do that. I have to be constantly working on fixing / trying to go faster or I'll loose interest.