cedricdubb
Junior Member
What is the name of your state (only U.S. law)? California
Hello,
I hope I am posting in the right forum - here it goes
My parents are former business owners with the business under their names.
When their sales took a turn for the worse they couldn't pay their agreed upon lease and now owe over $50,000 in back payment.
The property company sent notices regarding the back payments threatening to sue this was in the beginning of the year.
My parents and the property company could not reach an agreement on repayment - so the suit pushed through into courts.
My parents own no property have no assets besides 2 old cars and now my mother just has to work a wage to make ends meet
and support my father who is now sick. I barely make enough to pay back student loans and survive - and i definitely don't have
$50,000 laying around to pay their debt off.
They cannot afford a lawyer, I just wanted to put this out there and find out
what is the best plan of action for them?
What is the best case scenario and the worst case?
I am so frustrated because I cannot help my parents - I feel lost.
many thanks in advance!
Hello,
I hope I am posting in the right forum - here it goes
My parents are former business owners with the business under their names.
When their sales took a turn for the worse they couldn't pay their agreed upon lease and now owe over $50,000 in back payment.
The property company sent notices regarding the back payments threatening to sue this was in the beginning of the year.
My parents and the property company could not reach an agreement on repayment - so the suit pushed through into courts.
My parents own no property have no assets besides 2 old cars and now my mother just has to work a wage to make ends meet
and support my father who is now sick. I barely make enough to pay back student loans and survive - and i definitely don't have
$50,000 laying around to pay their debt off.
They cannot afford a lawyer, I just wanted to put this out there and find out
what is the best plan of action for them?
What is the best case scenario and the worst case?
I am so frustrated because I cannot help my parents - I feel lost.
many thanks in advance!