Legal Question in Credit and Debt Law in California

My husband has a small cafe and catering business. It's in his name only. It is not providing any income for our household. I have run up my credit cards to help him out. Now, he is taking on a partner who says she can get a SBA loan for up to $100,000. If the business fails, and they default on the loan, will I be liable?


Asked on 2/22/11, 8:58 am

1 Answer from Attorneys
Tony Carballo Carballo Law Offices

Yes because California is a community property state and the debt could would be a community debt. Most likely the SBA will go after your husband and his partner only but you could be named in the lawsuit.

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Answered on 2/22/11, 9:39 am


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