Legal Question in Real Estate Law in Florida
I co-owned a real estate investing company in florida. We borrowed money to complete some projects. I then resigned. 8 months later, by ex-partner (still owner) says I owe half of the debt that was incurred after I left.The debt was taken in the company name, not my own. Do I owe any past company debt?
Asked on 2/07/14, 6:36 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Would need to read partnership agreement. A mere resignation may not be sufficient.
Answered on 2/07/14, 7:37 pm
Barry Stein
De Cardenas, Freixas, Stein & Zachary
Your paperwork matters. You need to take all the papers you have to an attorney. You don't even mention the type of entity we are talking about, a partnership? corporation? etc. As Mr. Slater points out a mere resignation may not be enough to stop your personal liability if you signed papers that took on those burdens.
Answered on 2/09/14, 1:31 pm
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