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Be careful of any debts for which you are personally obligated. The partnership can easily be terminated but personal obligation of the debts of the partnership means you're screwed. Think of a partnership like a divorce. The MSA says ex gets the car and is to make the payments on the note but a year after the divorce the ex stops paying and the car gets repo'd. If you're obligated on the note the note holder can come after you. Your recourse would be only to sue the ex for the loss. Good luck is the ex is judgment proof (i.e. files BK or is dead). Happens all the time.
Bottom line: don't let go your partnership interest unless the partnership debt is paid or otherwise restructured (make the ex get a new car note only in her name).
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