Answered on Aug 27th, 2017 at 2:49 PM
The burden is on the person suing you to prove that the $150,000 was a loan and not a gift. It would help if you had better records, but it sounds as though the lawsuit is still quite defensible. Your former business partner admitted that his actions caused your financial losses. A good civil litigator can help you find and put together the evidence necessary to defend this lawsuit.