My daughter bought a dance studio from her former teacher. It was a private deal for 3 years of monthly payments between her and the former owner. It did not do well and closed. She lost her business, her house, her car and has a mountain of debt. She plans to file for bankruptcy when she can afford it. I have been paying the former teacher each month because morally I felt it was the right thing to do. In today's economy I am finding it very difficult to come up with this money each month. Its almost $1000 monthly. Now she wants a late fee if I pay late. My question is do I owe her anything? I was trying to do the right thing but I feel it isn't my bill, I never signed anything and I want to make sure I'm right - Since I've been paying does that set up precedence or is it still my daughter's bill and I do not owe anything? Please advise. I want to do the right thing.
From the LawyerCentral forum archive. Originally posted 13 January 2012 on a legal forum that has closed. Names and contact details were removed. See the original (Internet Archive).
I think you should talk to a lawyer, but it's part of your daughter's problem. She should file for bankruptcy. She'll lose the dance studio, but she can't really afford to keep it either. It's probably best to go over your options with a lawyer. (removed)
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