Farther in law in a bit of a pickle.........

ceridwen

paye wrote: »

well guys tried to call him after work, as soon as i raised the question about the letter he made some excuse and told me that he needs to go as he is working and he will phone me later. Later this evening he called but not me the misses and he asked her why i called him this afternoon obviously my misses was dumb founded becuase i didn't tell her I phoned him and it turned into a row. Well i'm going to ring him now in the morning before he goes to work so he can't slither his way out of not talking to me. the reason why he want 25k is he has borrowed money left right and centre from his family and friends. I'm only getting to grips now of how much exactly he is in debt. I love my wife and at the end of the day i'm not letting him get in the way.

He's about to go down bigtime - I expect he'll be bankrupt soon. He's the sort of person (by the sound of it) who would use whatever ways the law presents to hang onto as much as possible himself and, should he ever come up on the Lottery, wouldnt dream of using it to repay his creditors. He would just quote "The law says I don't have to and I'm legally allowed to keep it - because its x years since the bankruptcy was discharged" - rather than buckling down and making sure he DID repay everyone.

He's found a (legal) way to steal to subsidise his income - ie "borrowing" off anyone/everyone he possibly can and he intends to carry right on doing it until "the !!!! hits the fan".

So - thats my second warning to you. He is going to be made bankrupt or something similar at some point - make sure you "have the shields up" to protect yourself from any fallout on that. He might try to have his house (assuming he owns it) put in someone else's name (eg your wifes name). Be prepared for him trying to "shield" "his" assets under someone elses name. He probably knows by now that he is headed for bankruptcy or similar and is probably trying to find ways to "hide" his assets somewhere "safe"...be aware of this.

Someone boasted to me before now that they had protected themselves in a bankruptcy they had years before by "hiding" their house under a relatives name.....how daft to boast about something like that to someone they had just met....and certainly wouldnt be allowed to meet again either...since..and boasting like that to someone who might know the law better than they did............. ..........

This man has made his bed - let him lie on it. Do NOT get tangled up in any way at all in this. Do not "shelter" any assets for him by having them put in your name - you might be the one who gets a comeback about that at some point in the future....He will probably not be able to resist boasting to a stranger in years to come about this if you do it............ ........

Lara44

He sounds pretty desperate if he's going around asking for all this money. After making it clear that you will *not* be lending him the money, do try and help him. It would be terrible for your wife if this caused a major split in the family. There are plenty of ways to get support and even going BR is not the end of the world.

RAS

paye

It may be agood idea to give FIL the contacts for debt charities listed here http://www.moneysavingexpert.com/loans/debt-help-plan#help perhaps even give the information to your wife.

Either FIL has been building up long-term debt problems but keeps robbing Peter to pay Paul (HM mini ponzi scam) or he has another problem like gambling.

Best of luck.

skipsmum

InaPickle wrote: »

:eek: That's terrible! Was it not possible to prove it was a forgery?

Yes, it was possible, but not in the best interests of the family. In the meantime the interest was something ridiculous like 300%ish.
she had just got into such a state, robbing peter to pay paul effectively. The worst thing was if shed asked us for the money to start with we could have lent it or given it. By the time we knew about it the interest and charges had multiplied it tenfold.
Eventually we managed to prove that the provvy rep knew about it, (other family members had also been defrauded) and the extra charges were dropped. But I had to borrow money off my parents in the meantime to keep the bailiffs away from my house, which caused friction between my parents and his