Unfortunately, the bank can still hold you liable. Just because your partners can no longger be held responsible for repayment doesn't relieve you and your husband of your obligation. The reason is something known as "joint and several liability". This means that if there are several parties to a contract and one or more cannot perform their legal obligations, then the other parties must bear full liability. The only way around this is if you and your husband also file for bankruptcy.That having been said, it still may be worth your while to consult with an attorney and have them review all loan documents.