Each partner in a partnership has personal liability for the obligations of the partnership. Each partner is liable, at a minimum, for at least his proportionate share. Under most circumstances, however, each partner may be liable for the entire amount of all partnership debts and other obligations. This is known as "joint and several" liability. It means that each partner has 100% liability to satisfy partnership obligations to a third party, but has a corresponding right to seek reimbursement from other partners for their proportionate share of the payment made by such partner. Therefore, if the partnership becomes bankrupt or insolvent, one partner with greater assets may be required to satisfy the liabilities of the other partners even if they exceed what would ordinarily be considered that partner's proportionate share of those liabilities. Great care should therefore be taken in selecting partners.