NCO is calling me about an ex business partners debt on a credit card. I have the agreement where I was bought out and absolved from all debt from the ex business partner in the buyout agreement. He is filing bk. I was bought out in 2005 and the debt from the credit card was delinquint and rang up after I was off the record as an owner. I thought i was only on the account as an authorized user and not as a cosigner or backer of the debt. I did not notify the credit card company that i was no longer an owner nor did i use the card anymore after my buyout. Am i still entitled to this debt even though i can probably prove that the charges were made after I sold the company back to them. Can my buy out letter serve as purpose that they need to take it up with the old owner? Thanks for any info on this.
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