W
worri
Guest
Hi,
Sorry if this is a bit long, but would really appreciate any advice you can give.
The father has got himself into quite a bit of trouble with Revenue, etc. Having sold his business in the mid-90s, he kept his job there, essentially running the place while the new owners siphoned off cash and basically embezzled the business to a standstill. I think my father knew about some of this at the time, but I'm not sure. Anyway, when he did find out (a couple of years back) he started to put his own money into the company, and encouraged two other employees to do the same.
Fast forward to January last year, he and the other two left this company under a cloud and set up close by and in competition with the previous owners. It's doing alright - it's not the best climate for anyone, as we all know, and this industry is quite susceptible.
Anyway, my father is in quite a bit of debt now, and this brings me to the issue - he won't talk about it, won't be drawn on it, and essentially has his head in the sand. This leaves my mother in a really difficult position - she has worked alongside him for so long, is much more organised than him, and would never have let him get involved in something like this.
But the father's from a generation where the man handles the money, and he got a notion during the boom that it was going to keep on rocking forever. Now the fallout is (we think, we really don't know and can't know) none of the money is left - not the proceeds from the sale of the business, nor any other money that accrued over the years from land, wills, etc.
So he's been mentioned in the Indo as having a substantial judgment against him, the mother received a letter addressed to her regarding loan commitments that she never took out, he's borrowed from my siblings and I, he asked me to give him chunks of money on an hours' notice to deposit into unusual accounts...but I've an awful fear that this is just the tip of the iceberg.
His head is completely in the sand on this. He knows I know about it, but we haven't discussed it. It's hard on my mother to be in the same house as him, knowing he's lied to her and is holding facts from her, not to mention that she suspects he forged documents to get a loan in her name and God knows what else.
Family's family, but it's important we get the facts down here. Has the house been re-mortgaged, did he forge docs for loans in anyone else's name, does he owe a huge amount of money...I know he's under a lot of stress, but his head is in the sand - he seems to be depressed, which is not a surprise.
My question is, how do we find these things out? We've tried everything with this man, and my mother doesn't have the funds to get Gerard Keane or whoever on the case.
Your opinions would really be appreciated.
Sorry if this is a bit long, but would really appreciate any advice you can give.
The father has got himself into quite a bit of trouble with Revenue, etc. Having sold his business in the mid-90s, he kept his job there, essentially running the place while the new owners siphoned off cash and basically embezzled the business to a standstill. I think my father knew about some of this at the time, but I'm not sure. Anyway, when he did find out (a couple of years back) he started to put his own money into the company, and encouraged two other employees to do the same.
Fast forward to January last year, he and the other two left this company under a cloud and set up close by and in competition with the previous owners. It's doing alright - it's not the best climate for anyone, as we all know, and this industry is quite susceptible.
Anyway, my father is in quite a bit of debt now, and this brings me to the issue - he won't talk about it, won't be drawn on it, and essentially has his head in the sand. This leaves my mother in a really difficult position - she has worked alongside him for so long, is much more organised than him, and would never have let him get involved in something like this.
But the father's from a generation where the man handles the money, and he got a notion during the boom that it was going to keep on rocking forever. Now the fallout is (we think, we really don't know and can't know) none of the money is left - not the proceeds from the sale of the business, nor any other money that accrued over the years from land, wills, etc.
So he's been mentioned in the Indo as having a substantial judgment against him, the mother received a letter addressed to her regarding loan commitments that she never took out, he's borrowed from my siblings and I, he asked me to give him chunks of money on an hours' notice to deposit into unusual accounts...but I've an awful fear that this is just the tip of the iceberg.
His head is completely in the sand on this. He knows I know about it, but we haven't discussed it. It's hard on my mother to be in the same house as him, knowing he's lied to her and is holding facts from her, not to mention that she suspects he forged documents to get a loan in her name and God knows what else.
Family's family, but it's important we get the facts down here. Has the house been re-mortgaged, did he forge docs for loans in anyone else's name, does he owe a huge amount of money...I know he's under a lot of stress, but his head is in the sand - he seems to be depressed, which is not a surprise.
My question is, how do we find these things out? We've tried everything with this man, and my mother doesn't have the funds to get Gerard Keane or whoever on the case.
Your opinions would really be appreciated.
