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How can I get out of debt because of my partner?


I had a business and it went under only I now owe 50,000 or more due to my partners spending. Most all of the debt is in my name due to her previous credit which I did not know at the time. I went from a high score to the lowest

Do not go for bankrupt, that's a mistake your never going to shake that off!!!
you want a low interest loan to pay off what you owe, see this
http://debt-consolidation.50webs.org

file a bk 7

The best thing I did was file bankruptcy

If you don't want to do that sign up with consumer credit counseling. This is a good option also.

You are stuck with it. It is all in your name. You should file against your partner to secure any assets that she may have if you can show good cause. That being proof that she is responsible for a portion of the debt in the form of checks with her signature, purchases ordered by her, and any other proof of her spending. Maintain a judgment against her as long as you have to so that if anything happens later on like her winning the lotto, inheritance money, home ownership, etc. you will be able to have a lien.

I'll infer that the business was an actual "general partnership" and that the two of you were the only two general partners. It sounds as if you did not execute your obligation to maintain due diligence during the lifetime of the partnership in regard to book keeping, accounting and paperwork, otherwise you would have been aware of both the debts and the exact nature of those debts. As such, it sounds like you consented to these debts that were presumably taken out in your personal name and not in the name of the business.
A few options may be available to you. Firstly, there is the option of declaring bankruptcy. If you cannot afford to pay these debts, then speaking with an attorney specializing in such problems might be the way to go. Keep in mind that this process is far more difficult than in the past and far less easy than it used to be.
Secondly, the option of getting your partner to be responsible for a larger portion of this debt might be viable. This responsibility might be accepted voluntarily by the (former?) partner. Whether or not the partnership itself has been dissolved, the terms of the partnership contract can affect this debt and may obligate this partner to pay if the debt was taken out for the benefit of and on belhalf of the business. An attorney might otherwise be useful in instituting proceedings to force the former partner to take such responsibility, whether by court action or out-of-court settlement.
Finally, negotiating with the credit agency to restructue debt, with easier terms and a payment schedule you can afford would be a good thing to look into in any case.
Your responsibility to yourself, your family, and your business is to mitigate damage as soon as possible by taking reasonable steps to resolve the problem.

The best thing for you to do is to file bk
--------------------------------------...
http://www.bestcreditrates.net

Unless you can get her to refinance everything in her name you would be responsible for the whole thing. If you are having difficulty paying the debt you may need to file for bankruptcy.

I give out loan to students{student loan}Business Men and women who are into Business transaction at low interest rate of 3%, I give out long term loan for three to five years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US the maximum I give is 5,000,000 both in pounds and $US and the minimum 2,000 pounds and US$ so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem and for your information if you should more loan like $10,000,000m I can give only if you are one of these cartigories:
Manager of a company
A private Holder
A broker in banks
A director in any office or company
A high investor of and compay
If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon.
Name In full____________ ____________
Occupation___ _______________ ______
Counry_____ _______________ _______
State____ _______________ _________
City___ _______________ ___________
Zip code:__ _______________________
Phone Number ____________________
Sex _______________ ______________
send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now. email chris_per_lenders@yahoo.com
Thanks.

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