Q: Need help seeking reimbursement of delinquent debt on a CC accumulated after I legally left business

A: Under the facts as you describe them, you very likely have a decent case against your former partner for reimbursement of the money debited from your personal account to pay the business debts that your former partner assumed when you both executed the agreement regarding your departure from the business. You should take that agreement, along with the relevant bank records, to a civil trial lawyer who practices in the area of business litigation in or near the county where the business is located or where your former partner resides to send a demand letter and, if necessary, to file a lawsuit.

A: To seek reimbursement for the delinquent debt accumulated on a credit card after you legally left the business, begin by gathering all relevant documents. This includes the executed contract showing your departure, communications with your former partner and the bank, and any paperwork submitted for your release from the business account. Clearly document the timeline and all steps you have taken to address this issue.

You should formally request reimbursement from your former partner in writing. Send a demand letter outlining the situation, including the date you left the business, the debt accrued afterward, and the amounts debited from your personal account. Include a specific deadline for your former partner to resolve the matter and reimburse you. Mention any previous attempts to contact him and the lack of response or resolution.

If your former partner fails to respond or provide reimbursement, you may need to escalate the matter. Consider filing a claim in small claims court for the amount debited from your personal account. This legal action can help you recover the funds and send a strong message about the seriousness of your claim. Be prepared to present all your documentation and evidence in court to support your case.

A: Thank you for your question!

A partner should not be held liable for debt of the business after leaving the business. You need to document all evidence of your departure and not receipt of the profit from the business.

After documentation, you can start negotiation/mediation with the partner or bring a lawsuit against him.

This is merely a discussion of general laws and not legal advice. For legal advice, more specific facts and investigations are needed. I recommend you consult with an attorney for more details.