L
limerickman1
Guest
is the family home proctected . i entered a business 8 years ago as a younger man not really knowing what i was doing singed all sorts of personal guarantees with bank and credit union the business is now gone 12 months and i am blue in the face from trying to come to settlement terms from the bank. what i need to know is , is my family home safe it was never put as security and is already mortgaged to 70% of its value
the loans total 500k plus and there is no business i have no assets only the familty home. ive 3 small kids and my wife to support on my income of 65k , i have tried evertything to come to some deal with the banks (sold off assetts paid them what was left etc and offered a lump sum from myself and still i am getting nowhere. ) my solicitor who never returns my calls says i can do nothing only let them take proceedings on me. is there anyone out there that has gone through or knows someone who came out the otherside. this is causing huge stress on our home life and we are worried sick . although this does not matter the business failed due to a partner doing nothing and letting it happen i was an indiviidual trying to help out a family member (never again)
the loans total 500k plus and there is no business i have no assets only the familty home. ive 3 small kids and my wife to support on my income of 65k , i have tried evertything to come to some deal with the banks (sold off assetts paid them what was left etc and offered a lump sum from myself and still i am getting nowhere. ) my solicitor who never returns my calls says i can do nothing only let them take proceedings on me. is there anyone out there that has gone through or knows someone who came out the otherside. this is causing huge stress on our home life and we are worried sick . although this does not matter the business failed due to a partner doing nothing and letting it happen i was an indiviidual trying to help out a family member (never again)