A family member let's call him David has a huge credit card debt. He doesn't make much at the moment en is intending to work like crazy for years and continu the payments.
Years ago his parents donated him a village house which he rebuilt 2 years ago with his parents money. Selling the house would not cover the whole debt.
His parents are anxious to protect the house in case David should file for bankruptcy one day. Any suggestions what to do? They would like to keep the house in the family. Would selling/donating the house to a family member be a good solution?
In case anyone is wondering: I am not David