Answer

It definitely is a problem. All contracts involving real estate require the contract to be in writing, however this partnership agreement really doesn't fall under that definition.

You need to hire your own attorney to assist you. This is a case that is almost certainly going to end up in court and you need to be prepared. There are several things he can do including a motion to dissolve the partnership and distribute the assets. This would give you enough assets to sell and pay off the debt and would also remove you from any further liability.

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