droadkingb
Junior Member
What is the name of your state (only U.S. law)? FL
It appears that a former buisness partner is intentionally attempting to ruin my credit. I was a 50/50 partner in a Florida corporation until about last August. At that time, I allowed my partner to purchase my 50% of the company. The purchase/sale agreement completely absolved me of any and all financial responsibility for the company's obligations, so I am not worried about owing any money. About 6 months after the sale, my former partner advised me that one of his employees (his bookkeeper) had committed fraud ($14,000) using a company credit card. Much to my surprise, he also advised me that I was still the "primary cardholder" on the account. In hindsight, it is obvious that I should have taken steps to remove my name from the credit card account. Of course, if I had known that I was the "primary" on the account and that one of his employees was a crook, I would have paid more attention to the details. As I said, the purchase/sale agreement is ironclad, so I am not worried about the money. However, it seems as though my ex-partner is attempting to intentionally ruin my credit, because he is not paying the account. I know he has the money, becasue the business is very succesful. The cedit card statements do not come to me - they are sent to his business. I still receive calls at my home from the collection department of the credit card company looking to me for payment. My question is: If someone is intentionally trying to ruin another person's credit, is that grounds for a lawsuit?What is the name of your state (only U.S. law)?
It appears that a former buisness partner is intentionally attempting to ruin my credit. I was a 50/50 partner in a Florida corporation until about last August. At that time, I allowed my partner to purchase my 50% of the company. The purchase/sale agreement completely absolved me of any and all financial responsibility for the company's obligations, so I am not worried about owing any money. About 6 months after the sale, my former partner advised me that one of his employees (his bookkeeper) had committed fraud ($14,000) using a company credit card. Much to my surprise, he also advised me that I was still the "primary cardholder" on the account. In hindsight, it is obvious that I should have taken steps to remove my name from the credit card account. Of course, if I had known that I was the "primary" on the account and that one of his employees was a crook, I would have paid more attention to the details. As I said, the purchase/sale agreement is ironclad, so I am not worried about the money. However, it seems as though my ex-partner is attempting to intentionally ruin my credit, because he is not paying the account. I know he has the money, becasue the business is very succesful. The cedit card statements do not come to me - they are sent to his business. I still receive calls at my home from the collection department of the credit card company looking to me for payment. My question is: If someone is intentionally trying to ruin another person's credit, is that grounds for a lawsuit?What is the name of your state (only U.S. law)?