If the partnership cannot pay a bill, creditors will expect payment from the personal assets of the partners.

Name: If the partnership cannot pay a bill, creditors will expect payment from the personal assets of the partners.
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In a general partnership, each partner is personally responsible for the debts and obligations of the partnership. If the partnership cannot pay a bill, creditors can go after the personal assets of the partners to seek payment. This is known as unlimited liability.

If the Partnership Cannot Pay a Bill, Creditors Will Expect