what is recourse debt in a partnership 
recourse debt in a partnership means that a partner or multiple partners may be personally liable for the outstanding debt in a partnership if the partnership has outstanding debt and cannot cover its loans if it is a general partnership it means that the lender can go after the personal assets of the partners if the collateral does not cover the outstanding amount if the partnership is a limited liability company llc then there is only limited recourse and the lender cannot go after the personal assets of the partners 