I own a restaurant, signed a contract to buy out my business partner and taje over all business debts occrued , right after making couple if payments to all loans and business partner, the business took a big hit, i am not able to make these payments anymore. I am couple of months behind on all these payments. I am thinking of filing bankruptcy, would that relief me from the debt i saud ill pay under business and the loans he took under his name for the business? Based on the contract i signed with him during the buy out. He is suing me now for not paying him, I have 30k irs debt and about 40k in total for business loans and my ex partners loans. What are my options? Would bankruptcy relief me from the buy out contact? I already consulted with many attorneys theyre driving me crazy bcz each one gives a different advice of what I should do. Please advise of what my options are.