Can a creditor run after the personal assets of all partners in the partnership?

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1160926

2026-03-05 17:30

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Yes, in a general partnership, creditors can pursue the personal assets of all partners to satisfy business debts. This is because partners are personally liable for the obligations of the partnership, meaning their personal assets are at risk if the partnership cannot meet its financial obligations. However, in limited partnerships, only general partners have this liability, while limited partners are typically protected from personal asset claims beyond their investment in the partnership.

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