Need advice about getting parents out of financial difficulties.

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My parents are struggling financially after a failed business. They have thousands on a credit card, a loan and huge school fees to pay. They have remortgaged their property but they didnt listen to advice and didnt get enough to pay off debts etc It's been one financial crisis after another and things are now coming to a head. My mother has been looking at equity release and interest only mortgages but I dont think these are really suitable for them. I am considering investing in their house but dont want to overstretch myself. They would need about £100,000 to pay off mortgage, card and loan, fees and have some money to live on. They have a business but thats not looking to promising either. So my question is what would you do?

What do you mean your considering investing in their house.
If it was me although I would want to help if I could,you've got to look at the bigger picture. You cannot borrow your way out of debt in the long term it doesn't work.
Is their business a LTD company ?
What other options do they have.

Citizens Advice offers help for managing debt. Think they may need some professional help.

depends entirelyo n your own financial situation..
if you have ready cash, then see about helping them out with some of the debt.
are the schoolfees for your siblings? consider takeing on their financial costs?
let them sell their house and move into a flat you buy rent free?
or just be there to listen to them with a cup of tea?
depends entirely on your own situation

take the kids out of private school and tell them to talk to the CAB

agree with enide

also make sure that any money you 'give' them is fully understood as either a strings free gift, or a loan that will have to be paid bach at some point.

A frined of mine didn't make this clear and has been bailing her folks out for repeated perionds of time over many years.

They see it all as a gift amd go and spend it all, getting back in debt. make sure everyone is clear it is a gift/loan /whatever at the outset

absolutley agree with mb. clarify with everyone concerned what it is.
schools obviously.