Hello,
My brother and I previously ran a business together, long story short the business didn't go too well and is no longer running. Whilst the business was still in action my brother and I both took out a business vehicle lease and got a work van each. Because business was not going too well we were unable to make payment on the vehicles. I no longer talk to my brother. My car got repossessed. However, my brother has done a runner with his and won't hand the vehicle back over. I have been receiving default letters for his vehicle because we both went guarantor on the vehicles. He has already lost his house. Now I am worried this is going to cause me to lose my house also. What actions can I take? How can I fix this? Please help
My brother and I previously ran a business together, long story short the business didn't go too well and is no longer running. Whilst the business was still in action my brother and I both took out a business vehicle lease and got a work van each. Because business was not going too well we were unable to make payment on the vehicles. I no longer talk to my brother. My car got repossessed. However, my brother has done a runner with his and won't hand the vehicle back over. I have been receiving default letters for his vehicle because we both went guarantor on the vehicles. He has already lost his house. Now I am worried this is going to cause me to lose my house also. What actions can I take? How can I fix this? Please help