Can I buy part of my parents house?

kimwp

If it's consumer debt and not linked to their house, probably better to just stop make my payments. The accounts will default and then you can decide what to offer creditors. I recommend that your mother (with your help if necessary) posts on the debt free wannabe board to ask how best to deal with her debt. There's a thread at the top "in debt and wannabe deft-free", that lays out the basics steps of dealing with debt.

It's best not to take this debt on yourself.

theoretica

penguinpal1 said:

I did make the mistake of mentioning this to my sibling lastnight and he got extremely excited and thought it was a brilliant idea.

I wonder how much of that was a considered thought that the idea is actually good (I agree with others that it doesn't sound great) and how much was an expression that he would like a way out from running a business at no profit to him - or your dad.  Maybe he knows a bit more about the business than dad is willing to share with you, and you and your brother need to support each other in telling your dad that this isn't fair and the business needs to stop.

ASmallHotel

Interesting question and relevant to me.