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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!!! file a bk 7 The best thing I did was file bankruptcy 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. The best thing for you to do is to file bk 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: |
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