Originally posted by timeos2
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How hard is it to get rid of a timeshare?
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Originally posted by CarolinianIs that an Orlando Wastegate that is hard to give away for Christmas week? If so, I thought that was high season there.
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Facing bankruptcy - how relevant is the "heirs, executors,.." clause?
Hi, I need advice here. I am 62, facing bankruptcy IN THE UK, have 2 weeks in a Sheraton resort IN THE US but have been unable to sell it for the last year. The weeks are all paid up incl MF. I have owned this TS for 22 years and used it regularly but the resort doesn't want the deeds back and threaten that if I don't pay my heirs will be responsible (children now 18, 21, 24).
What is likely to be the real outcome as opposed the that threatened? My kids don't want the TS and don't have the resources to take it on.
Any help, comments or advice would be appreciated. I have read many of the comments on this site re TS owners obligations but there is no more money...
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Originally posted by dreamtime View PostHi, I need advice here. I am 62, facing bankruptcy IN THE UK, have 2 weeks in a Sheraton resort IN THE US but have been unable to sell it for the last year. The weeks are all paid up incl MF. I have owned this TS for 22 years and used it regularly but the resort doesn't want the deeds back and threaten that if I don't pay my heirs will be responsible (children now 18, 21, 24).
What is likely to be the real outcome as opposed the that threatened? My kids don't want the TS and don't have the resources to take it on.
Any help, comments or advice would be appreciated. I have read many of the comments on this site re TS owners obligations but there is no more money...
Looks to me it is very similar to US law.
So, if you die, your estate will be responsible for the debt, but your heir is not. If they decide to take responsibility while you still alive, that is another issue.
But you are only 62, live may still have a long way, since you say you will face bankrupcy, they will have to collect on you. You may want to check UK's banrupcy law first.
Jya-NingJya-Ning
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Originally posted by Chris Cartee View Post...There are other options available but I refuse to advertise my company or services on this forum.
http://www.timeshareforums.com/forum...timeshare.html"A man that doesn't spend time with his family, can never be a real man" The Godfather
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Originally posted by Chris CarteeSo, how have I changed my mind?Timeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4ms
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