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-   -   Inheritance Debt (https://www.askmehelpdesk.com/showthread.php?t=237585)

  • Jul 15, 2008, 01:19 AM
    rbcprstn37
    Inheritance Debt
    I inherited 25% of my family business before my dad died. I later received 50% more of it after my dad died and my brother inherited the other 50% leaving me 62.5% ownership. I now ow my mother $36,000 for the 25% I inherited from my father because she has legal claim to my fathers estate. I cannot afford to pay the amount she is asking. Is there any way out of this debt?
  • Jul 15, 2008, 04:33 AM
    George_1950
    Is the business generating enough income for you to pay your mother? Just curious: if the debt is $36,000, how much equity have you inherited?
  • Jul 15, 2008, 04:38 AM
    Fr_Chuck
    Well first not sure where your numbers come from, was there a will, did it go though probate, where or when did wife make the claim ?

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