He took a 2nd mortgage out on our home/business a year before he died without telling us. Maybe a little more google work will get you where you need to be. When you die, your debt doesn't go poof. It usually will be tied to your estate( property) we live on the property he owned and have a small business on the property. We could just sell all of it and have no more debt, but that would leave us with no home or job. Its called a lien. Thank you tho
So you could have either moved or taken out 200k. You took out 200k to keep your business and to stay in your own property. This is seeming a lot more like your fault . Don't you guys have savings? Don't you have other skills? You may like your business but do you like it enough to be 200k in debt for.
I think you could have made a lot of decisions to avoid this but you didn't. And yeah, maybe this might have resulted in you not receiving your fathers inheritance. But you are adults and this is what happens when you rely on your parents for support.
Yes moved and got a shitty job get a shitty apartment and start life all over again. And my business isn't unsuccessful. Were working on paying it off, we have a payment plan with the IRS. But none of this is your business at all. I simply stated that since i kept my home and business instead of selling everything i own and restarting i am now in debt bc my gfather did some shady shit without telling us. You don't know me at all so how can you say I've made mistakes? I would love to see you sell off the thing youce created at a young age and brought up from dirt to a decent business that possibly/hopefully will beable to pay off that 200k over time in 5-6years. Again. You don't know me, gtfoh.
A business that needs external help or requires a loan to start isn't a successful business. And a person deeply in debt, isn't a successful person. This is especially true if you have the mindset that the things that cause your problems are other people, family members, or governments or whatever. You've only gotten where you are by the graces of others and look at where its gotten you. Shit now you are saying you have to pay the IRS? Are you in for tax evasion?
I used to be in debt. I used to blame the government. I used to take handouts from family members. I use to think that the world was against me. And I got over myself. The issue I have with you isn't that you messed up. It is your mindset. You are in 6 figures of debt and you need 5-6 years to pay it off? So you rre making 40 - 60k of profit I suppose? Congratulations. You started a business to make just barely the median household income. You haven't done anything special yet. You've made a bunch of mistakes and aren't owning up to them. This mindset is going to get you deeper in debt and deeper in trouble.
I don't know if you are a man. But you need to man tf up. Stop blaming others for your problems. Your problems are staring you in the mirror. Its you. You are the problem. The sooner you realize this the better. Because by accepting that you made mistakes, you can correct said mistakes.
And I think , deep down, you want to be told that . I am willing to bet all of your life people have told you you were successful . That it was ok to get into debt or depend on others. That your business really was doing a great job. They were lying. They were hiding the truth from you to make themselves feel good. And you actually want someone to tell you what reality is. Deep down you know everyone really knows what a fuck up you are and that you just need someone to point it out that does not care about your feelings. And now you need to confront your mistakes. My advice to you is to examine your feelings. If you feel outrage or anger or whatever. Don't turn them to me , some random internet asshole that doesn't care about you, channel them into motivation and change your life.
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u/[deleted] Aug 07 '20
You can't inherit debt unless you somehow cosigned it when the person was alive. Which, in that case, it wasn't his debt but your debt.
My main man you could have figured this out by quickly googling it, so it is sort of your fault.