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Re: Ripped off by ex-partner and Wells Fargo Bank


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Posted by lawguy (207.68.86.95) on March 24, 2003 at 08:47:14:

In Reply to: Ripped off by ex-partner and Wells Fargo Bank posted by Glow on March 23, 2003 at 15:06:01:

First, STOP TROLLING. This is your third post here, and the answers will be the same:

YOU NEED A LAWYER.

And not the worthless one you had before.

I don't see where the bank went wrong at all. Unless prohibited by the partnership agreement, your partner had the right to take out a loan for the partnership without your approval. You can be held liable for any debts and obligations of the partnership prior to your withdrawal.

Unless you have a "smoking gun" memorandum or other document from the bank indicating their intent to defraud you, you won't win an action agaisnt the bank.

Your best bet would be to recover the funds from your expartner, if he has any assets. He apparently breached his fiduciary duty to you and the partnership, and the debts incurred against you that result from this breech are not dischargeable debts.

Call the CA Bar association for a referral of a GOOD bankruptcy/debtor/creditor attorney, who knows something about partnership law as well.

Thats all I have to say to you. Stop posting on the same topic.


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