Currently I live with my dad, he was paying the finances (rent, solar, gas). He recently stopped working unexpectedly. I wasn’t aware of how serious the financial issue was until today. He hasn’t mentioned the bills to me lately, but today after our internet was shut off I finally checked his unopened mail that had been piling up. Our mortgage among others are now overdue about three to six months.
He doesn’t have any steady source of income right now and I only work part-time. I’m going to begin working full time to contribute more but I’m still unsure of how we’re going to pay the debt/even keep our house. It’s my childhood home and in the ideal scenario I would really like to keep it.
From what I know we owe about $3,500 for the mortgage and $1,001 + a $24,000 “make-whole fee” to sunrun our solar company. He also has multiple loans out on all of his vehicles and the house. I’m going to talk with him tomorrow and try to find out a more exact number for ALL of the debt.
So far I’m planning on selling just about everything we have to get caught up on our mortgage. After that I do not know what steps to take. I was thinking of suggesting he file for bankruptcy, but would he have to sell the house? Could I put the house in my name before he files for bankruptcy on his loans and keep it? Any advice is appreciated, thank you.
Submitted March 21, 2018 at 02:16AM by Agrodelic http://ift.tt/2G7q4Xb
