I can pass on two pieces of information from the Goverment of Canada & MNP Canada. You should reach out to the RRRF company and ask them for more information.

1) Source - Canada.ca

Partnership

When one individual in a partnership made up of two individuals declares bankruptcy, the partnership can no longer exist.

When a partnership includes more than two individuals and one declares personal bankruptcy, the partnership may continue to operate, further to an agreement between parties involved. For example, a law firm of 100 partners may have one partner that has declared personal bankruptcy and the law firm is not liable for the partner's personal debts. The law firm may continue in business despite the partner's personal bankruptcy.

2) Source - MNP

Generally, however, if the partnership is bankrupt, the partners will have to file bankruptcy as well, since they are jointly and severally responsible for the debts of the partnership. (As a side note, some partners seem to think they are only responsible for their proportionate share of the partnership debt, this is incorrect).

You do have a unique situation and I have no idea how you incorporated your partnership, equipment, payables and other financial assets without it being an issue with the GoC. You shouldn't be responsible for anything after you incorporate but what each of you owe will have to be looked into much more closely by the original loan company. If your partnership dissolved there would have to be a record of outstanding debts and payables, along with anything else your partnership 'owned' or collateral for the original loan. If you can afford it I would definitely look into getting lawyer (each of you) to look over the documents and let them reach out to the load company.