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Creditors of your partners can reach only what he owns. So, the partner's creditors can only reach his share of the partnership. They cannot reach your 50% share by any means.
The only drawback is that if the partner's creditors can take over his 50% share, you might find yourself a partner with his creditors. If it is at all possible for you to buy out your partner's interest, then you should do so. This would be the only way that you would be able to control the business of the partnership and not have a stranger (or strangers) as partners with you,
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Our partnership agreement allows either of us to dissolve the partnership for any reason and describes the division of assets process. We are prohibited from selling, giving or assigning to a third party and if one is incapacitated the partnership is dissolved.
If my partner's creditor were to be come my partner, could I simply dissolve the partnership or could they sue me to try to make me buy them out?
Since your partnership agreement permits the dissolution of the partnership by either partner, that would be the safest course of action for you to take, simply dissolve the partnership and you will not have to worry about having some unknown third party as your partner,
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