Recourse debt in a partnership means that a partner or multiple partners may be personally liable for the outstanding debt in a partnership. If the partnership has outstanding debt and cannot cover its loans, if it is a general partnership, it means that the lender can go after the personal assets of the partners if the collateral does not cover the outstanding amount. If the partnership is a limited liability company (LLC), then there is only limited recourse, and the lender cannot go after the personal assets of the partners.