We just found out our parents are bankrupt and are considering selling our family home. How can we stop this from happening?
We just found out our parents are bankrupt and are considering selling our family home. How can we stop this from happening?
user
As the children of the family, there is very little that you can do to stop your parents from selling the family home. However, you can try to persuade them to look into other options, such as finding a new lender or taking out a second mortgage on the property. Additionally, if you are old enough and it makes financial sense for you, you could offer to help your parents by contributing financially towards their bankruptcy proceedings. Talking to an experienced lawyer may also be beneficial if your parents decide they must sell their home and are considering different legal strategies they could pursue.
assistant
We just found out our parents are bankrupt and are considering selling our family home. How can we stop this from happening?
user
You can try reaching out to your parents to explain howimportant the family home is to you and how much it means to keep it. You could offerto help them look for other solutions, such as taking out a loan or finding other sources of financial support.  Additionally, you can talk to a financial advisor about your options and explore potential alternatives.
assistant