Our Brother has been living free for years...

[Positive_Anonymous]

The problem is with our 24 year old Brother who is the youngest and not contributing to our late Mothers household or paying his way in life. There are 4 of us in total, two Brothers and two Sisters. The reason why we all live together at present is because our Mother passed away 2 months ago due to her battle with Cancer. Two of us have moved back into the property to settle things and is where we will live for the immediate future. The problem lies with the youngest Brother who is 24 and is the only one who is struggling with money and has many debts. We have learnt that there are debt collectors calling almost on a daily basis and he owes money to many people, in addition he has TWO cars one is a very expensive sports car which I must admit I couldn't even afford to run myself - 50% of his wages and the other car he has bought to try and repair to sell for profit. Anyway he has realised that he can't afford the Sports car, tax or even Insurance it and has therefore put in on the driveway along with the other car, so he now has two cars on our driveway whilst we have to park on the road.

 

The really horrible thing is that he hasn't been paying any rent for years even to our late Mother, I guess after constantly asking him she gave up and then of course her Cancer took over. He apparently always gave excuses such as his wages hadn't come through although these were always lies. So we have a horrible situation where the only working person in the household is the only person who doesn't contribute, doesn't pay bills, doesn't pay for food owes us all Money and has TWO unused cars on the driveway.

 

I have sat down with him and gone through every aspect of his finances, told him what he needs to do, how he can pay these debts and that he MUST get rid of the Sports car, in addition I also help him set up a debt agreement with a very good Debt Management Charity. Now we are over a month on and he still has Debt collectors calling him, the cars are still on the driveway and he says he can't afford the bills.

 

The things is all of us are Students and he is the only one who is working yet we all manage to pay our bills. I have quite frankly had enough and not sure where to go from here, really need some good advice?

[stardust65]

Sell the house divide the proceeds equally.

[Angel Irulan]

Yeah, if you can't live with your brother, he was obviously your mum's favorite, and his lack of financial acumen, then you should sell the home and split the proceeds four ways.

 

Now, for you setting him up with a debt service, that is a double edged sword. In the USA it's like a bankruptcy on your record, and it's also a risk because you could wind up owing money to them, if you lose your job. Leave his problems alone, and concentrate on yours. Sell up!

 

Angel