A few years ago I ran into some money when my parents died. I lent my brother-in-law over $100,000 for his business and he lost the lot.What I am cranky about is that I found out later while his business was in trouble he was leasing a jaguar, having holidays on Stradbroke Island and buying expensive presents for his kids. When he know he couldn't pay me he asked me to buy his house for $630,000 and he would take off what he owed me - his house sold for $540,000. He also offered me some of his investment properties at inflated prices.
Now two and half years down the track,my wife's family have decided that I am the evil one because I won't forgive him and he's the poor business entrepreneur who had a bit of bad luck, but will pay me back some day.
I have accepted that he will never pay me back and probably never intended to. I suggested that my wife's brothers (two of whom are extremely well off) should share the debt with me but my wife said that was a silly suggestion.
2007-12-30 10:53:47 · 3 answers · asked by Mark L 3 in Family & Relationships ➔ Family
I hate to say what you already know, your in-laws are in deep denial about what kind of person their brother is and have probably excused his behavior all of his life and therefore perpetuated the situation. Does your wife's family have alot of money? Because although your suggestion is not silly, it really isn't the other brothers' responsibility to return to you the money owed unless they had something to do with the original loan. If you really want the money back and don't care how the family is going to feel about it, declare him bankrupt. You can do that and let him pay it to you outright. Mind you, you are going to get a lotta **** from your in-laws about it and I don't even want to start on what the wife is going to say or do. But if you want to keep peace in the family, I'd wait until the SOB died or turned his business around and go to him and demand my money. Let him whine, the bullshit he's been serving up, he deserves it. I understand what you're going through, I don't do well with people taking my money and not paying it back.
2007-12-30 11:09:41 · answer #1 · answered by Diane T 4 · 0⤊ 0⤋
If your wife is on the side of her dishonest brother, you'd better watch out. She's likely to cheat and steal from you too.
Of course the other 2 brothers don't owe you anything, do they? It would be really nice of them if they would share the debt, and it would do something for family relationships, but they are not obligated. He would never pay them back either.
2007-12-30 11:02:08 · answer #2 · answered by The First Dragon 7 · 0⤊ 0⤋
Gee, I really feel sorry for you. The golden rule is to never loan money to family! It's sad, but they are always the ones who think they can just take, take, and take, without ever paying back. Gosh, I hate to say live and learn to you. Your wife should be defending you and perhaps you should take this fellow to court?
I hope you can come to terms with this. I know it's probably very difficult.
I wish you the best.
2007-12-30 10:59:44 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Tell your inlaws to help out the "poor" guy instead of complaining about what they think you should do.
2007-12-30 10:57:30 · answer #4 · answered by Anonymous · 0⤊ 1⤋