The family home we live in came with shop, so its on lease. The business has 4 partners which are my mother and farther in law, husband and his brother. Even though they are named on the business its me and my husband that run it. i have no idea what income he gets out of this business but i get £400 each month. I am from an asian backround where my inlaws and husband believe the wife does not need to know the running of the business. Plus i have the younger child who has autism and untill a couple of years ago was very demanding.
i think think the lease cost around £160,000. i think the business would be worth about £300,00
as far as im aware he put no money into the business but has been running the business for the last 8 years and has taken no salary.
From what i am aware they put up the money and we would run it. At the time when him and his family were deciding this, me and my husband were seperated. The business was meant to be a starting point for their son to take responsibilty and a new beginning for us. I and my kids then moved from Berkshire to Kent.
Also my understanding was that he would pay back his parents in instalments. He told me that he has paid his parents about £40,000 and when i asked the inlaws they said he has only given them £18,000 back in 2009 and hasnt paid anything since. I asked him this and he replied his dad hasnt got a good memory but has paid this. Im trying to secure a future for me and my family but i am unable to do this as i am not getting any right answers from either of them. i also know that there is no written account of these payments.
both the parents names, brother in law and husband.
Clare where are u based. I mean the time of your replies are different from mine. I am in England.
i dont know if they would want to sell the business. It could be a possibilty. i have put this to the husband that if the business is not doing so well (which he has told me for the last 5 years due to the market) lets sell up. He advised he does not want to do this as we have no home or jobs to go to. He said by the time we pay the money to the people that he borrowed we will have no money to purchase a house.
house prices here are around £300,000 plus
Are u still online ??
i get careers allowance which is about £60.00 a week for looking after my younger son
yes i can work
probley aroung £16,000 to £18,000 per annum
No. I am scared as i have very little money to support me and my children and no where to go. I have spoken to him and his parents stating we need to sit down and talk as a family to find a solution. this was 4 weeks ago and to date i have not heard from them.
From this talk i will tell them that i no longer can carry on in this marriage as the trust is not there and that in order this as a minimal effect on the children i need their help in purchasing a mortgage/property so that me and children have some sort of security.
Will they help me i have no idea ???
This is also why i need to know how the law will help me and my children should this talk not happen or if it does and we fail to come to a solution.
Thank you for your help. It has put my mind at peace. Should this talk fail i have another option that i can go down. I no longer require your service at this present moment. thank you again
I have noticed from my bank statements that i have been charged £37.00 for Just Answer membership which i did not want.
Please can you have this amount credited back on to my credit card, details of which you already have.