My mother made a call center from scratch, very successful capitalist. She wanted to retire but wanted to leave something to me and my brother. So we took a loan to buy her the company. After 7yrs the loan is half payed. I manage the company, I have a good salary, a good life.
After some bad decision my mother is now ruined. She build a big house but with material prices going up she has no more money to live.
She want us to sell the company and give her the money.
I don’t want to loose my job, I have a small baby now.
We had one discussion and she threatened to adempt at her life if I do not agree.
Am I the asshole to refuse?
Thx
AITAH? I bought my mum company now she spent everything she want her company back
r/AITAH
Comments
No you’re NTA. She built a company which is great and raised her children to take over for her not from a. Handout but from a loan. You paid her for the company, hence the loan you’re still paying off. Just cause she made bad choices doesn’t mean her kids should sell the business and give her money for it (for the second time) she’s horribly selfish if she values you guys wasting 7 years of your life just to end up bailing her out of a irresponsible situation of her making
You bought her out, she has no recourse. You are not responsible for her downfall. If you are worried about her living conditions and want to help, you can but be adamant on what it constitutes and draft an agreement to make it official. If she used to work there, you could hire back temporarily as a consultant.
NTA you bought her out. She has no say anymore. She can sell the house and move somewhere she can afford.
So she gets money twice and you get a load of debt? She knows damn well that’s not how the world works.
You can hire your mother. But it’s your business, don’t give it back to her.
Make sure that she cannot access any documents relating to the business. I’m sure that you have proof that you purchased her out of her share of the company. She squandered her money away, and that was her choice. She does not get paid twice and she does not get paid endlessly.Once that deal was done she was paid and it was over.
NTA I would tell her “Mom, you were already paid for the company. You have no claim to it anymore. It is not our fault you were foolish with your money. If you talk about making an attempt on your life again I will be forced to call the authorities. That is a serious threat and should be taken seriously.”
Just refuse. She won’t take her life, she’s bluffing to manipulate you.
Ask her if she wants to work for you.
NTA. Even if you sold the company, the money isn’t hers, you already paid her with the loan. If she threatens her own life again, call emergency services.
Wants her cake and eat it too. She’s the asshole, not you.
NTA. Tell mom that her interest in the company died the day she sold it and she has no claim on it. She needs to start another company.
NTA. The company is yours now. She has no say in it. And it’s her own actions that led to her downfall. So, she is responsible for it and not you. Which means, you are not responsible to help her in any shape or form. And definitely you don’t have to help in giving her the money for the company twice. She sold it, you paid for it. And she lost the money. So, why should it make sense, that you sell the company and give her the money? It’s not hers. She is not entitled to anything from it.
So, keep it for yourself, work and be happy. She can go and work. But please, don’t hire her. It’s never good to hire the former owner. She could become more entitled.
Updateme.
If everything is above board and the two of you own the company outright then the best I’d offer her is a job. She can’t take the money from you both twice, it’s not fair or right.
Somehow get her to make the threat via text – then file a police report through a lawyer….then chill – she’s throwing a tantrum because that’s all she got – emotional guiting.
NTA
NTA – You did your part. If you are still concerned, please call a lawyer. Talk to brother and can you both get on the same page and go to the lawyer together?
NTA
You’re not responsible for her bad investments. I realize she’s not responsible for the increase in prices of materials, but she was obviously overspending to begin with if she’s literally left with nothing to live on. A smart investor doesn’t risk 100% of their net worth on one deal.
She needs to sell her big house, buy something small & affordable, and get a new job.
Offer her a job in the call centre. NTA.
NTA. so mum wants to be paid twice while you get lumbered with the loan you’re still paying? don’t think so. Tell her to sell the house she spent all the money on if she’s that desperate. Tell her mum you’ve already had the money for the company, you get no more. & even if brother & I did ever sell it, the money is all ours (minus paying the loan off).
You bought the company fair and square, try to imagine what you’d do if you bought this company of someone else and after 7 years they said, “I want it back”. And you lose everything?
Under no circumstances should you hire her again, after her current statements she’d be too much of a liability.
You could help her financially but you’re under no obligation and I wouldn’t offer a loan because you’ll never see it again. So anything you do offer, give it under the knowledge you ain’t gonna see that money again.
You are not her “get out of jail free card”.
NTA
Like every “successful capitalist” she’s discovering that money’s a lot harder to come by without workers to exploit.
Nta refuse, she won’t do it. C*nts who threaten their own lives are just manipulative cowards.
You gave her so much money for her company that even seven years later you have only paid for half of it.
Now she wants you to sell it and pay her for it all over again?
That would be like Apple approaching me and asking them to rebuy the phone they already sold me again.
It sucks that she made horrific decisions with her retirement. But that isn’t your concern. Even if you did what she asked, it is unlikely it would fix it or that she wouldn’t just end up in the same boat.
Trying to extort you with threats of suicide is even more disturbing.
Your first duty is to your partner and child. Sad for her but unlikely you can fix the mess she made. Even if you wanted to or it made sense to.
She should sell her big house
It’s not common for me to say that but lawyer up against your mother. NTA
You bought her out. She has no say. What does she think is going to happen? She gets the money twice? No. Not happening. Tell her “i already paid for the company. We have given you the money. Theres nothing else on our part. Go steal money from someone else”
Offer her a job as a caller lmao
NTA. call her bluff, she wont take her life
Erm… what’s the house she’s constructed worth? Offer to take over her finances, see how that goes down! If the loan was for 10+ years, I’m guessing it was a lot of money.
Nta
You’re not responsible for her poor choices
You went above & beyond to facilitate buying her out, she got paid, that’s done and dusted.
The best you can do is offer her a job.
NTA It’s a call centre, give her a job on the phones!
> We had one discussion and she threatened to adempt at her life if I do not agree.
Tell her thanks for solving the problem & cut that manipulative asshole out of your life.
She sold you the company legally and you paid her in full. The company is yours and your brother’s. She has no claims or rights to it and you have a paper trail documenting that.
Tell her to pound sand. This is not your problem, it’s hers.
NTAH
You have a family of your own to think about. You shouldn’t sell it just for her to ruin herself even further.
NTA- it is your business. Give her a job.
Unless…maybe it is the amount of scam calls I have been receiving, but if your call center isn’t legitimate, then you are all A**holes.