In a community property state, you are not responsible for any debt your spouse incurred before marriage, but are jointly responsible for debt incurred by either of you going forward. (lendkey.com)
The owner will be liable for debts incurred by the business. (rocketlawyer.com)
Not only will you find yourself with destroyed credit, you will likely be facing a great amount of debt incurred in your name as well as an empty bank account. (choicepersonalloans.com)