need help

Have a question that I need help with and seeing as my family has disowned me cause I'm looney as can be, I hope someone here can answer

My husband and I cashed in our life insurance and took all our savings to buy a house for my son and his new soon to be wife and 7 kids, one brother and one sister added. They were being evicted in a small town so we paid the man up the rent they owed and bought them a house.

Her sister now has decided to buy her own house so all of them are moving and sticking up with a home we do not want.

My question is this.......If we file bankruptcy on that house, what are we able to keep as our assets? We own a home, a car, a truck and a boat and many nice handy tools that you need, rider lawnmover, snowblower etc....... Do we have to file on all of these also ? They are all paid for except our home, which we plan on keeping

I just don't know what to do

Is it bad to make my reality into a plan that includes them not getting the new home and staying there ? I don't feel right about that even though my son and his five children have left her over three years ago. They owe us so much and I know we are not going to get anything back out of the home. The last time we seen it they pretty much ruined things. I do not want to file charges for damages as that is not my style.......maybe why I keep bringing this crap to me.

Any idea what I can keep ? I don't even want to call a lawyer just yet

sweetie

you need a professional on this one...is the house in your name or thiers...cause if it is in thiers..you can't declare anything on someone else's property...
most cities have lawyers that will answer your questions without charging you...if you need to find one
call the lawyers association listed in the phone book..

good luck

no its in our name I will call if I need to

I just was thinking I could give my daughter things if needed so as not to lose them.

We have a very nice boat that we haven't use. The worse part about it the disapointment of being lied to. It really hurts, my husband and I are both on disability now so we only recieve pensions,ssi and a disability for another year or so.

Its frustrating as hell

I wish the house was in theirs, they were going to do this last spring so as a matter of fact we thought it would be done and over with. We told them we would sell it for what was due only..................not even asking for any extra of what we put down on it.

Thank you

Are you able to prepare the house as a rental?
You may be able to negotiate with the renters to fix the house and if necessary deduct the cost over a period of time.

Rentals are in high demand at the moment.

Oh Gee,

I don't believe this one again, been there done the same thing with my 3 kids which caused a hell of a lot of problems between me and my ex. In fact a lot of problems was because of the X and Y generation (my kids) asking, asking, getting, not refunding, telling lies, not giving back, disrespect and then spitting the dummy when I wouldn't take any more being the slave...............................NO more. I have enough health problems of my own now like yourself Centrelink have put me on a D/P because of different stuff I have.

So help me some kids really give me..................don't get me started.

My mother would give us a belt if we even looked like answering back, she was born in 1923 though. Mmmmh.

You know over here in Oz you can get a no win, no fee lawyer. I am not sure what the law is over there regarding property etc, but sky otter and the other wonderful souls who are more in your area maybe able to help a bit more than me. But you will be in my prayers my dear sweet lady.

If you own the home free and clear and rent it out you will be able to deduct costs at tax time.

How long has the home been vacant? Is it close to you?

mntruthseeker
Linda is asking good questions and has some good ideas...

if it is in your name you are going to have taxes on it...
and if you absolutely don't think you can get any help to fix it
or rent it..or even sell it
or
if you don't want to deal with it
think about donating it to habitat for humanity...
they will take it off your hands and you will get a tax write off
for the donation
but don't do anything until you have given it some thought
and are sure you won't want to do something else in the future

you will be held in hands of love...

all i know is that it will be ok.... you posted at 4:44

ok here is the story. The house is close to 4 hours away from my home so its quite a ways away. It was nice, 5 br 2 baths, sakuzi, deck and a huge neighborhood park way in the back as all the neighbors put it there......When we did go there last, my husband was upset as the yard was let go and certain other things, the dishwasher was pulled out and there is a big gap in the kitchen. all the appliances were new.


I stopped going up after I got on oxygen as there is no place up there that will fill my tank. So I had to depend on 5o lb tank for a weekend and always had to worry about racing home

It would be too hard to rent out due to the distance and its mostly farmers up there and not alot of work. It is actually a nice place to live during this time. There was a very nice garden in the yard.

Pmts were at 454 includes tax and insurance because we put so much down on it. We had to and did it for them

So I guess, we are not in the condition to travel back and forth trying to rent it. Tomorrow I will call the bank to see what they can do to help but like I said, I'm afraid to see it now as I thought I could trust them.

My husband says he doesnt want to rent it because he is in no condition to do repairs if needed.

We bought the house with their promise that they would buy it out under us when they could

I can get a write off on it but I would still have to make the pmts right ?

I would gladly do that if we thought we could make it but who knows what is happening now a days. I know many people would be happy to be in a home so cheap.

My daughter in law wants to make a break from my son, although I think its just so she can be with another man. Who cares, thats her business but I do know that she has MS and the city was going to put a ramp up for her.

Biggles, your story sounds like mine

We have extended so much to our children. Pat Jr is my husbands son and I am the one that convinced my husband to give to him all the time. He has six children, one by this woman. He had it made in the shade........his child support covered the rent and we thought it would be the end of us, always paying his rent, buying food and clothes for them. I talked my husband into doing this. For years I have paid his rent and clothed and fed his children, because I loved them all. He continued to spread his lies

Pat Jr just wanted out from under all of it and just up and left one day. The kids are back with their natural mother and of course, I will never see them again if she has anything to do with it. I never bought her a home. So be it. I had alot of respect for wife number two and so we did this for them. To give them security, so we thought.

What a joke on us. I can't believe how much money we had to put down on the home as it was a second home and so walla, we cashed in to do so. What more can I say.....

My sister says, the more we give the more they want and that is the truth. I was not brought up that way. My husband and I shared our wealth I guess LOL

You know what ? I still feel lucky because my husband just told me he still loves me. He is so good to me and I feel like crap and he is worried we will be living out on the street soon.

Thats the best. When everything looks like shit and nothing is any good and my wife comes and tells me she loves me no matter what, and the world just turns all sweet and I can handle anything!

Yes, Anchor that does help. I am thankful for this man and that is why I stayed with him . He doesn't deserve this and he knows how I feel. I dont say sorry, because it doesnt cut it.

We will survive and NB has given me such good information that I feel much better over what our choices are.

mn, i do believe you answered your own question....
come from the heart place, the love bubble....
choose it over the fearful reaction and you will be
making the right decisions for you
***
it's a gift, having someone to love...........

You should be able to sell the house first before filing for bankruptcy...
If, you sell the home first, it will NOT show on the Title Policy... Every
property must provide a title policy for the New Buyer's mortgage Company.
It, will show Liens; etc.....

Also, use a para legal instead of an attorney... Cost is huge savings...
Selling the property should provide monies to help Satisfy Debt, Liens,
out of net proceeds...

This IS doable... Walk carefully... When going to an attorney... If they
have Esq. after their name, they are a member of British Barristers...

Best of Luck to YOU. Put your thinking caps on.....

Verry trooly,


Tango

mntruthseeker wrote:

Have a question that I need help with and seeing as my family has disowned me cause I'm looney as can be, I hope someone here can answer

My husband and I cashed in our life insurance and took all our savings to buy a house for my son and his new soon to be wife and 7 kids, one brother and one sister added. They were being evicted in a small town so we paid the man up the rent they owed and bought them a house.

Her sister now has decided to buy her own house so all of them are moving and sticking up with a home we do not want.

My question is this.......If we file bankruptcy on that house, what are we able to keep as our assets? We own a home, a car, a truck and a boat and many nice handy tools that you need, rider lawnmover, snowblower etc....... Do we have to file on all of these also ? They are all paid for except our home, which we plan on keeping

I just don't know what to do

Is it bad to make my reality into a plan that includes them not getting the new home and staying there ? I don't feel right about that even though my son and his five children have left her over three years ago. They owe us so much and I know we are not going to get anything back out of the home. The last time we seen it they pretty much ruined things. I do not want to file charges for damages as that is not my style.......maybe why I keep bringing this crap to me.

Any idea what I can keep ? I don't even want to call a lawyer just yet

LOL thanks Tango, I am waiting for things to fall in place right now

I woke up this morning and felt like I wanted to go back to sleep and got angry with myself as I knew my dream was so peaceful and because I didn't do the right thing, I forgot what it was about.

I am pretty sure that things will turn out in our favor. I do not want to borrow any trouble so I will simply refuse to sign their forms.

They paid us over a week late each and every time in over five, close to six years and that they also know. So NO, I will not say they paid on time to us.

In the document we had written up, it said pmt due on the fisrt. So we will be fine

Today they are begging me to help with this form and I just decided I will ignore their request. I text her that they never paid on time and I will leave it at that

Oooh honey, and your on oxygen as well. Gee, sending my beautiful, magestic, magical angels that I love so much to you to help. Everytime I give thanks for their help and ask them for more I can almost feel their love surrounding me.

You have a hubby that loves you and tells you, that's a plus. Anchor I know why your wife loves you no matter what because I do as well and I haven't even met ya, he,he, and Reunite knows how much I love him too.

I am gonna get my wand out and start intense thought of a great outcome for you M/N.

I know exactly how your feeling about the kids (you get to an age) where you have worked hard all your life and would like to rest and have some peace and quiet and there always seems to be a problem knockin at your do. I feel for ya. Stand your ground.

These lines below are what my mum says to me when I start to feel sorry for myself: I thought they might bring a smile to your dial. She says them a lot.

1. Hell's bells and little fishes I don't know.
2. They will live to want........mark my words.
3. Tough love.............you always let them get away with murder and gave them everything they wanted.
4. They never understood the word no.
5. Your making a rod for your own back.
6. It'll come back to haunt you one day.
7. Stop complaining, there is always someone worse than yourself. (I hate that one).
8. One day you will live to regret this.
9. They will want you before you need them.
10. If you had to eat bread and dripping like we did in the depression you would know what it was all about. We had rations during the war.
11. Kids these days haven't got a clue what its all about.
12. You let them kids get away with murder, stand up for yourself, don't let them walk all over you.
13. You were not brought up to sit in the back of the bus.
14. Godfather Dick I don't know.
15. They don't stand over me, they know I have got their measure.
16. If a man had the first baby, their wouldn't be a second.
17. They wouldn't know what hard work was if it jumped up and hit em in the face.


And on and on................................suffice to say I don't step out of line with my mum even though she is 6 inches shorter than me.

Maybe we should send women like this out to negotiate at the table with other countries.

My mum can talk under water believe me. I can just see her now, she'd be loving it...........
She'd be saying .............now you listen to me................you've stuffed this world up enough as it is................

Oh my God, I read this Biggles and I honestly feel it

Thank you dear, it sounds like you and I have alot in common.

Oh my husband has threatened to leave me over my generosity but he never did.

It wasn't an easy road for us but we communicated and we made it.

But I was going to be a better mom and make sure my children had decent clothes, no salvation army crap or dime store junk. A three course meal rather than hot dogs, soup or sandwhich. I just work to give them all they wanted.

So this is one hell of a lesson for me and I can cry over it but I feel I have to learn it this time so it will never happen again


Your mother would be one that I would vote for.

I tell ya M/T, all her children, grandchildren and great grandchildren are very wary on how they behave around the matriach. Even my ex-husband was fearful of her.

The little icon is for me cause I am still living with her until I get my own place (countin the days)

OH LOL LOL

I wish my mother was still around. She was a sweetie but didn't know how to do much.

She lived with me for a very short time after she had a huge brain tumor removed that left her with some damaged which did improved . She thought I was her mother, although her mother was alive. I have six sisters but she would only listen or talk to me. LOL she knew she had me wrapped. Her mother got so upset I couldn't believe it.

I loved her dearly BUT , it was hard to live with her during her recovery.

She had a super sweet disposition and couldn't cook shit. LOL She was one hell of a cleaner and would re-wash a load of clothes if I folded them wrong.....LOL

So I can understand the help icon. Two women sharing one home will always be hard.

Sounds to me like your mother was a strong determined woman and makes me think she would be PERFECT making rules. Anyhow, she is someone I would want on my side thats for sure.

Good luck with finding your own place.

My daughter just left her cheating man after 16 years and she really didnt want to move home with us. LOL, but I know its not easy to start all over and she has a 7 and 17 years old son.

Another one we still help but I don't want them here unless they absolutely need to be. We have the room for sleeping but our house is small and we only have one bathroom. Plus her mom is a looney bin crazy that believes in aliens......LOL She covers her head in her folded arms when I start talking and she wants to pretend it isnt me OH LOL she probally has a couple of your help signs floating around in her brain when I start talking.....

So LOL can you just figure how she would feel moving home with me?