Business partner walked out, how do i stand

[tlrracer]

Hope one of our legal eagles can shed some light on this one!

I was in business for the last 3 years with a Mate (now ex mate) no formal agreement signed, I put most of capital in and due to him having "previous" on the money front, everything bank wise was in my name, the only thing that states it was a partnership would be the parnership tax return and VAT. Things have been a bit tight recently and i have been paying myself less, but due to his situation (3 kids and a wife that doesnt work) he was taking his full amount, and it all came to a head when the overdraft was reached and he couldnt have anything, so after his missus chewing my ears off he walked out, bought car keys, phone and shop keys back, and i havent heard from him in a week. I have however been left with all the debts, and a shop full of machinery, do you think he could lay claim to anything, or would that mean he would have to pay me off, as ive taken far less from the partnership than he has and have a fair chunk to pay off debt wise?

[tlrracer]

think he would end up owing me

[tlrracer]

Thank you everybody for your help, I am in the process of getting him to sign said forms, I will continue to trade and hopefully things will continue like the last 3 days...kerrrching!