28-year-old son refuses to take on $250k debt from his parents’ two unstable family businesses, but might end up to selling their family home to make ends meet: ‘If I co-sign for this debt, I'm legally responsible for it’

Seeing a parent financially struggle, especially while simultaneously grieving their late partner, is hard for any child to witness. Our parents are supposed to be our rocks, the guiding light when we feel lost in the dark. Parents are human, too, so it's only right that once in a while, we need to pick them up from a dark place and guide them toward the sun again. The 28-year-old son in this next story tries to make ends meet for his mother and his late father's two family businesses, but is flailing as her expectations for him to take on their $250k business debt begin to suffocate him. If he doesn't co-sign on this debt, then they have to sell the family home.

This is a complex situation for many reasons. If the son refuses to resign to a life of debt in his name, then his mother is displaced from the last location her late husband lived. If he takes on the debt, he is giving up financial freedom. Either way, it seems like there's no winning. Scroll to read.

Author image for Lana DeGaetano Lana DeGaetano
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