Legal Question in Business Law in South Carolina

Liabilities of Guarantee after Dissolution of Partnership

I went into a partnership with my brother. At that time, I opened an account as the principal guarantee on the account. As of May 2004, the partnership was dissolved and the company opened under a corporation with 100% ownership going to our father. The accounts did not have anything owing on it at the time of dissolution. In March 2005, I received a letter from one of the accounts I opened, that my fathers corp. was ordering on in excess of $42,000 and they are trying to put a judgement against me because they said I opened the account as the guarantee. These bills were for the months of 9/2004 thru 2/2005. The company is saying because I did not give them any information of the change of ownership that I am still liable for these accounts. The account representative that came into the store on a weekly basis new about the change of ownership but never called for a new application to be on file and also the opening credit line for my account was for $1,000.00. Am I personally liable for this account even though my partnership was not in existence when these bills were incurred and what legal rights do I have to this. This company wants to put a judgement against my property, can they do this?

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