Hello, I am legal expert at Justanswer and I will be helping you with your question today.
This is a very good question and important as far as you are both concerned. Landlord if money is owed and a settlement cannot be reached, would like sue both of you for a money judgment for what is outstanding.
Once a judgment is obtained the landlord can pursue bank accounts, lien on real estate.
Consider not having large sums in bank accounts and also having a consumer protection lawyer/business lawyer negotiate with landlord a manageable settlement. www.martindale.com is an excellent directory.
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