Sharing property losses
1 attorney answer
The answer to this question is yes, you do have a claim. It is a bummer that your contract was not in writing. But that does not mean it is not enforceable. If there are email or other written documents confirming your deal, that will help. At any event, you may also have a claim for something called "contribution," which would require your partner to pay his half of the losses of your enterprise. I have handled these cases before and would be happy to discuss your options if you would like.
This answer does not constitute legal advice. I am admitted in the State of Arizona only. This advice is based on general principles of law that may or may not relate to your specific situation. Facts and laws change and these possible changes will affect the advice provided here. You should not rely on this advice alone, and nothing in these communications creates an attorney-client relationship.