"Is documented severe, debilitating depression brought on by the same actions on which a lawsuit will be based, be considered when determining laches?"
While your question is a bit unclear it appears that you may have missed a time period during which you have to bring a suit (statute of limitations). It is not clear whether a court will permit you to waive a statute of limitations, or even if the court would have the authority to do so, in light of a medical condition, as a court might in applying an equitable doctrine of laches as discussed above.
Statutes of limitations may be strictly enforced. Consult an attorney in your state immediately for help.