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Generally, he will not be liable if he's just an authorized signer. There's a remote possibility that they could try to sue him if the charging pattern on the card suggests he knew you weren't going to pay and he then decided to go on a spending spree.

Anonymous, I would strongly suggest that the owner of the hotel consult with a local real estate and/or bankruptcy attorney. The way I read your post, the business is in bankruptcy and the lender wants to install a receiver. The hotel owner doesn't get to decide who will act as a receiver. If the property is in bankruptcy, the lender will propose a receiver, but the Court will approve or disapprove the receiver. At foreclosure, whomever buys the hotel (either the lender for what they are owed, or a purchaser at foreclosure sale) will take over operation and control, depending upon how the security agreements for the loan are crafted. If the loan is purely secured by the real estate, that is all the lender recovers, not necessarily the assets of the hotel. Conversely, most hotel lending agreements I've seen cover more than just the real estate, and are more-likely to be foreclosed through a judicial foreclosure. The hotel owner really needs to consult with qualified counsel, as this is a very, very complicated matter - much more so than a traditional real estate foreclosure. David L. Gibbs, Esq.The Gibbs Law Firm, APCSan Clemente, Californiadavid.gibbs@gibbslaw.com *Due to the limitations of the Lawyers.com Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. Further, information you provide to the Firm through this website is not confidential - it is available publicly to anyone visiting this website. The Firm shall have no obligation to keep the information you provide herein confidential in any context. The information provided herein by the Firm is general, and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence. As required by 11 U.S.C. §528, we must now disclose that, "We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Assistance we provide with respect to Debt Relief may involve bankruptcy relief under the Bankruptcy Code."  

If you had a contract. Tell them that you will enforce the contract. The only thing that would allow them to change it is if you knew that a mistake had been made and were trying to take advantage. It does not appear that that is the case.