Sounds like a poor situation. But the answer to your question depends upon how the business is structured.
Is legally set up as a partnership or corporation? If so, there are legal documents which should specify ownership %, profit %, or shareholders, etc.
If it was set up properly, there should have been a buyout agreemtn prepared in anticipation of a partner (or major shareholder) leaving the business or passing away.
Also, I can not tell you if is it proper for that other owner to enter into agreements with out a partner`s "ok".
When you say "his name is on the building rental" do you mean he rents (is the lessor) the building to the business or his name is show as the person leasing (the lessee) the building?
Partnerships and closely held corporations are like a marriage... there needs to be good communication between the parties for it to work.
In general, if your husband does have any legal interest (ownership) in the business, he should sit down with the other person and talk about the direction of the business and the cash flow problems you`ve noted.
In a bankruptcy you may or may not be on the hook for unpaid expenses - again , depending upon the structure of the business.
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