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    mwwhite74's Avatar
    mwwhite74 Posts: 2, Reputation: 1
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    #1

    Jul 29, 2008, 05:04 PM
    My business partner took out loans on the company and then filed bankruptcy.
    My so called business partner took out some large loans on our corporation and now he is filing Ch 7 bankruptcy. I am told this will now be my responsibility to pay back. These loans were never agreed on and were done behind my back. He is the personal guarantor on all the loans. Can anyone point me in the right direction.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jul 29, 2008, 05:06 PM
    Quote Originally Posted by mwwhite74
    My so called business partner took out some large loans on our corporation and now he is filing Ch 7 bankruptcy. I am told this will now be my responsibility to pay back. These loans were never agreed on and were done behind my back. He is the personal guarantor on all the loans. Can anyone point me in the right direction.


    I would see a corporate Attorney immediately. This is nothing to guess about. The exact corporate setup will be important.
    mwwhite74's Avatar
    mwwhite74 Posts: 2, Reputation: 1
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    #3

    Jul 29, 2008, 05:15 PM
    Quote Originally Posted by mwwhite74
    My so called business partner took out some large loans on our corporation and now he is filing Ch 7 bankruptcy. I am told this will now be my responsibility to pay back. These loans were never agreed on and were done behind my back. He is the personal guarantor on all the loans. Can anyone point me in the right direction.
    Thank you
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