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Please help me! Ripped off by ex-partner and Bank
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Posted by Glow (24.126.209.231) on March 23, 2003 at 21:57:13:
WHY CHAT:Background info:Got into a Gen. partnership May 95in(CA).Partner requested business-line without my knowledge.He received the business-line on Nov.95. I didn't find out until December 12 1995. Contacted the Bank, they wouldn't freeze the acct.Withdrew from Partnership January 9, 1996. Bank wrote letter,telling me that I was responsible for the debt.Expartner promiss to repay the businessline ( since I did not touch one cent). Ex-partner declares BK, last payment, December 2001. Bank send letter to me on May 2002 demanding the full amount $40K. I hired someone to represent me..she didn't do much just collected $ from me; I still owe the same amount and now the Bank will sue me. I need to know:Is my husband liable for any of this mess? He was not involved in the partnership. I am afraid that the Bank will go into our joint account and seize our money.Is this possible?
What is a TILA and FCRA violation?
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