I was a business owner with a partner. I sold my stock to the business about 6 years ago in Georgia. I recently received a call from a bank that issued a business credit card to each of us. It was in one account name that we both signed with our SS# and the Business Fed Tax ID. I have had on activity on the card since I left. The orginal account was opened in 99. He has run up 12,000 on the account and not paid in about a year. He has just closed the business and will probably go bankrupt.
GA has a 4 year statute of limitations but would it apply to me in this case.
Anyone have any ideas for me to keep my credit clean or am I libel.
Help! (by the way he still owes me about 1/2 of the buy out.)

