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If you were the owner of an ailing company, would you sell your house to fund the business?

by dwatk (follow)
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If you were the owner of an ailing company, would you sell your house to fund the business?

#For Sale
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No I wouldn't. I value my family too much to take that risk.
No. But I would sell the business to save my house!
Only, if a finance advisor could give me a very good indication, it would be a 'saving grace'.

That it was worth the effort.

Otherwise I would have to look at other options, which! may be none.....but you should never throw the towel in too soon, having said that.....you should never wait too long.

People often wait and wait for things to come good, and it just get's worse.
In 2014, options are more than back in 1984.

There are companies out there that save other companies from going broke, providing you're not drowning at the time.
No, I love my house too much.
This is not such a cut and dried question.
Usually if you take a loan, you have to put your house up as security.

I believe you have to take some chances in life if you want to earn money.

I had a business for some 27 years however we were lucky in that we did not have to put our house up as collateral and built it from scratch until we needed no loans.

So it is not a matter of would you sell your house for an ailing business as too many other factors would be involved.

Do you have family -is it fair to sell the house -would it really help the business, or could you end up still with no house and no business and therefore no income.
by Finy
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