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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

AIBU to think my brother owes me this money

94 replies

HeavenSpent · 22/03/2015 15:56

We were due to come in to some money, basically my big brother was selling the family business and my sisters and I were going to take our shares out.
It was to be a sizeable windfall. As soon as he made the decision I knew I could make such good use of this money.
We run a pub and it really needs a facelift. My daughter lives far away overseas so we went to see her, and had a holiday as well (business class!), and I promised some money to my step daughter to up-cycle her new business venture.
On holiday we maxed out our cards, safe in the knowledge that it would all be cleared off very soon. Whilst we were away our business suffered a major set back, but again we knew we could give it a great facelift very soon.
But the minute we arrived back, my brother came over and just stated so matter-of-fairly that he actually can't bear to sell the business and that he's very sorry but there's no money. He's known for a while but didn't tell me before as he "didn't want to ruin my holiday".
AIBU to demand the money I was promised? I am in real debt now, and my business is out of full operation for a fair while too. He promised me!!

OP posts:
cardibach · 22/03/2015 15:58

Ever heard the saying 'Don't count your chickens before they are hatched'?

IAmAPaleontologist · 22/03/2015 15:58

You spent money you didn't have, even had your brother continued with his desire to sell then there was no guarantee it would happen quickly or even at all of he couldn't find a buyer.

ImperialBlether · 22/03/2015 15:59

It depends on what was stated in the Will, doesn't it? It sounds as though a family business was left between a number of siblings. Is that right? Does your brother work for the business?

Is it his legal right to not sell the business?

Boofy27 · 22/03/2015 15:59

Have you been willed or gifted a share in your brother's business?

iwishicouldsing · 22/03/2015 16:00

Could he maybe buy you out? If you own a third and your sister owns a third it is not up to just him what happens to the business.

Original poster
HeavenSpent · 22/03/2015 16:00

Let's say that I'm a glass half full optimistic type of person.

OP posts:
GoooRooo · 22/03/2015 16:02

Eeek. YABU - you shouldn't have spent the money before you had it.

YANBU to ask him to buy you out of your share (or, presumably to sell to someone else if the contract allows), but he's not under any obligation to do that.

redexpat · 22/03/2015 16:03

That is gutting.

i suppose you could ask him to buy you out but he is under no obligation to do so.

And i think you are about to get flamed for spending before it was in your account.

Even if he doesnt sell, do you get some income from the business?

You were naive to do this, and to demand the amount from your brother would be UR.

DarthVadersTailor · 22/03/2015 16:03

So you spent the money before you got it.....not exactly the smartest move to make. That's on you I'm afraid and not on your brother.

However, if your brother has a legal obligation to buy you out or to sell the business then perhaps a different story as to whether you're entitled to the money. But even so you should have waited until everything was settled first before spending! Foolish action if you ask me.

LittleBairn · 22/03/2015 16:03

Is this a reverse?

redshoeblueshoe · 22/03/2015 16:03

Shouldn't this be in Radio addicts ?Grin

WorraLiberty · 22/03/2015 16:03

What a really silly thing to do

I'm sorry he's mucked you about, but I can't believe you were reckless enough to spend money you didn't have.

Lesson learned and no, he doesn't have to give in to your demand.

Grewupinafield · 22/03/2015 16:04

You were being unreasonable to "spend" the money before you had it. He doesn't owe you anything!!! Learn from this

poppysqueak · 22/03/2015 16:04

OP. I think someone beat you to a version of this thread a little while ago - mostly from the viewpoint of the angry/disappointed brother's wife.

DesperatelySeekingSanity · 22/03/2015 16:05

This reply has been deleted

Message withdrawn at poster's request.

Eastpoint · 22/03/2015 16:06

I think that your twin sister should have stuck up for you, I bet she knew what was going on. Are you going to be able to claim on your insurance for business interruption? PS did you ever need bailing out by your dad?

redshoeblueshoe · 22/03/2015 16:08

Exactly Desperately !

WorraLiberty · 22/03/2015 16:09

Ok I've googled due to the reference to 'Kenton' and 'radio addicts'.

It seems to be one of those stupid threads where everyone answers seriously and the OP sits back giggling because (according to google) this is something to do with The Archers?

FFS these threads get worse. No wonder no fucker trusts anyone here any more.

RinkyTinkTen · 22/03/2015 16:10

You were foolish understatement to spend the money before you received it.

You aren't clear whether you own shares in the business, could you sell them? I would say your brothers under no obligation to give you money just because you spent what you don't have.

Strokethefurrywall · 22/03/2015 16:16

Either a reverse or something to do with The Archers (whatever the fuck that is)
The OP reads like a shite soap opera. But on the off chance that this is real, OP you're a knob and clearly shouldn't have spent money you don't have. And in fact, with money sense as bad as yours, I'd expect your business to go down the shitter relatively soon...

70isaLimitNotaTarget · 22/03/2015 16:17

one of those stupid threads

YY - and the ones about Chalet School/ Malory Towers AIBU types.

Who's the adults here Hmm

soverylucky · 22/03/2015 16:19

This reply has been deleted

Message withdrawn at poster's request.

RandomNPC · 22/03/2015 16:20

Sounds like a reverse to me too

Floggingmolly · 22/03/2015 16:21

Oh ffs Hmm

maras2 · 22/03/2015 16:24

Dum de dum de dum de dum < and that's just you Kenton> Grin