House flipping profit issue

[Stephanie B.]

Just to explain briefly, just sold a house in June that was flipped with a joint venture partner. His main responsibility in the project was financial while mine was project management and more hands on. Long story short, he got a hard money loan and had mentioned using what capital he had set aside personally for any budget overages as we had purchased the house prior to seeing what the inside was like. Come to find out after the house had sold that he had taken it multiple lines of credit leaving thousands owed in interest and late fees. On top of that, he had not discussed with me the price to tell our agent what to list the house for as well as didn’t not discuss lowering the cost of the house by roughly 50k just to get it done ASAP. We are still trying to hammer out details as I had originally came up with a profit and now he is saying we are in fact in the whole. I’m still working on going through paperwork with a fine toothed come but am at a loss of what to do given the situation has gotten kind of messy.