Mum and Dad having to declare bankruptcy and my home may have to be sold. Can I move in with my friend?

[josh_e10]

Basically, about 4 years ago my Mum, Dad and brother bought around 8 houses 4 years ago for investment, when the housing market was good. But homes that we might have bought for £250,000 are only worth under £100,000 now. My Dads business has been paying the mortgages on these every month, and the business just can survive with all this debt having to be paid. My Mum and Dad are now split back in January and in order to go ahead with the divorce, the houses have to be paid off. We're talking possibly over £1,000,000 here. The family would have to declare bankruptcy to get around all this, and this means me and my Mum being hit the hardest, because our home would have to be sold and all of mums bank accounts will be closed etc, so we would be basically on the streets. I am only 15 and have had the most rough year even 60 year olds haven't been though, this is just the icing to the cake. My friend has offered me to move into his house, but can I do this at age 15 if we lose our house? I don't want to move in with my Dad because frankly, he is a selfish bastard and we would argue all the time, no doubt of that. He would be able to support me financially because the business would be in a limited company and it couldn't be touched by the courts, but no way in hell would he give any money to mum. I couldn't live with my brother or sister because frankly, they have their own young children etc and couldn't cope with more people in their house, and I just couldn't cope with children 24/7. My friends house is the best option cause their family is just like my family to me, and its not to far away from my school. Is it possible remembering my age?

Thanks for all your help and advice in advance.

[Chris.]

Is it possable? Yes. Is it likely? No. The problem is that if you do move in to your friends house, you father does have the right to go to court and say that you are living in a bad situation - and frankly, (depending on where you live in the world), he will be able to forceably make you move into his house. See sometimes families are on the streets, and then once the police find out, they soemtimes will take the children away to foster homes, because their mom and father (or guardian) can not take care of them. If you mom approves of you moving in with your friend then maybe its best, but if not i hate to say it but you may be going to your fathers house.

Best wishes,
Chris