Reopened bankruptcy could expose Deal to more debt

The Associated Press is promising more on this later today:

Republican gubernatorial nominee Nathan Deal is facing more questions about his finances now that a federal judge has reopened a bankruptcy filing for his daughter and son-in-law.

Deal and his wife Sandra guaranteed more than $2 million in loans for Wilder Outdoors, a failed sporting goods store started by the former congressman’s daughter and her husband. Although Deal listed himself in congressional disclosure forms as a partner or as a 50 percent investor in Wilder Outdoors, Deal’s name did not appear on the 2009 bankruptcy filing.

Deal’s campaign accountant says the omission was a mistake by Deal’s son-in-law, who filed the bankruptcy. The bankruptcy reopening, first reported by The Fulton Daily Report, could leave Deal on the hook for more debt.

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145 comments Add your comment

3 Arrows

September 29th, 2010
12:09 pm

Add 2 people to the list of people that wish Handel had know about Deal’s financial throuble.

GaBlue

September 29th, 2010
12:21 pm

I love how he blames the young man, as if a father-in-law’s duty when entering into arrangements with a young couple does not entail ensuring that the young people being helped understand the facts, rules, and details of transactions of this gravity. This situation illustrates far more than a few financial missteps.

He failed in the leadership of his own children and chose to enable their entitlement mentality rather than encouraging and tutoring self-sufficiency. Now he blames the kid. “REALLY?” This is the the kind of failed leadership we do NOT need at at the head of our State!

Georgian

September 29th, 2010
12:22 pm

what else is there? what will be know after the election? No DEAL!

findog

September 29th, 2010
12:25 pm

There sure are a lot of omissions/mistakes in the Congressman’s paperwork
No wonder he wants to clear up the president’s birth documents
Once they open the investigation door the messy closet clutter spreads all over the room
Vote GOP in November and in just four more years we’ll be able to impeach the president for something his staff messes up…

john

September 29th, 2010
12:29 pm

This is a red state. A republican will always be elected regardless of the amount of baggage he carries. Heck, Al Sharpton would win in Georgia if he ran as the republican nominee for governor.

I can see Russia from my house aka half governor of Alaska

September 29th, 2010
12:37 pm

Nathan, come on to Alaska and help me keep an eye out for the Russians. I’ll hide you up here until the storm blows over.

You betcha!

When Hell Freezes Over

September 29th, 2010
12:37 pm

findog:

“No wonder he wants to clear up the president’s birth documents
Once they open the investigation door the messy closet clutter spreads all over the room”

No way. Obama, by executive order, sealed all his records and has spent a lot of money (somebody else’s money) to make sure that nothing can be uncovered while he occupies the Whitehouse.

Diane

September 29th, 2010
12:41 pm

If the Georgia people buy this Bull about Deal forgetting about his indebtness for a bad business deal.Then i have some swamp in Arizona for sale and it’s real cheap.He needs to step down and be placed in jail with his son-in-law and daughter.They are all crooks.Maybe he needs to be checked for alheimers or short yerm memory loss.Wake up people.He is not your friend and was a sorry congressman.All his family have bought jobs from the taxpayers money.He is guilty for money laundering in the congressman’s office to covering for Chris Riley’s jet and his fees to fly them to Washington.He is a dirty Deal at anyone’s cost.He is a liar and will swindle his authority right own down to paying his debts with your money.Maybe you can and will afford it.But i want! His slogan should be ” Steal Deal” and then forget.If it were any of us in this situation we would be under “the jail”.I hope the Ethic board fines all his dishonest business deals and he sinks right on down in his sink hole.Georgia needs a leader…not a stealer.

Sick&Tired

September 29th, 2010
12:42 pm

If Nathan Deal becomes our next governor; we will fall below the city of New Orleans when it comes to corruption and stupidity.

The state of Georgia residents are officially the dumbest group of collective souls in the good ole USA.

Please pray for our integrity.

khc

September 29th, 2010
12:44 pm

in deals new add he calls for more business tax cuts…..ga has been giving business more breaks every year….

business execs don’t add jobs first thing….they give themselves a bonus for reducing their tax liabilities….throw a few crumbs to the worker bees maybe….

true there may be some relocations….more people more stress on crumbling infrastructure, need more schools, more roads, but doubt revenues will exceed costs (especially when money siphoned from growth centers to rural roads and schools..)

ByteMe

September 29th, 2010
12:49 pm

No way. Obama, by executive order, sealed all his records and has spent a lot of money (somebody else’s money) to make sure that nothing can be uncovered while he occupies the Whitehouse.

What a complete bunch of wingnut malarky. Your tin foil hat needs a design improvement.

tim

September 29th, 2010
12:50 pm

Nathan Deal is a clown and his circus needs to leave Georgia!

bart

September 29th, 2010
12:52 pm

And yet the rednecks in this state continue to support him! It is amazing that he is even competitive much less leading in the polls. How stupid can we as an electorate be? I wish Handel would run as an independent or a write-in candidate. I think she could win.

Really Red

September 29th, 2010
12:53 pm

Look out South Carolina–We are going to out-embarrass you!

kkong

September 29th, 2010
12:58 pm

Deal or no deal…I say no Deal.

come on son

September 29th, 2010
1:00 pm

No way. Obama, by executive order, sealed all his records and has spent a lot of money (somebody else’s money) to make sure that nothing can be uncovered while he occupies the Whitehouse.

Could you please direct me to the legitmate source of this information, I would like to be able to use it.

Confused

September 29th, 2010
1:00 pm

There’s something rotten in Demark.

GaBlue

September 29th, 2010
1:00 pm

How pathetic to attempt to redirect our attention from the critical issues of our impending gubernatorial election by tosssing worn-out lies about the President onto this forum. If you wake up in the morning, and all you have is your “birther” nonsense, then please just do yourself a favor, roll back over and put the pillow over your head.

Troglodyke

September 29th, 2010
1:02 pm

I love how he blames the young man, as if a father-in-law’s duty when entering into arrangements with a young couple does not entail ensuring that the young people being helped understand the facts, rules, and details of transactions of this gravity. This situation illustrates far more than a few financial missteps. He failed in the leadership of his own children and chose to enable their entitlement mentality rather than encouraging and tutoring self-sufficiency. Now he blames the kid. “REALLY?” This is the the kind of failed leadership we do NOT need at at the head of our State!

BRILLIANT. Spot-on.

I remember a reporter asking him about the son-in-law’s previous bankruptcy; in effect wondering why he’d agreed to give the man money in spite of that. Deal claimed he didn’t know about the previous bankruptcy. The reporter wondered why. Deal said, “I didn’t ask to see his finances before he married my daughter.”

OK, so you didn’t ask to see them at the time of the wedding. But how about a little checky-poo before you give him millions?

And the sad thing is, republicans will STILL vote for this idiot, even as they rant and rave against the financial woes we are in right now, because he is on the ticket. Why? Because they cannot think for themselves.

Dave the man

September 29th, 2010
1:03 pm

And King Roy is the best that Dems can find? He was a loser years ago.

alex

September 29th, 2010
1:05 pm

I find it ironic that Bible-thumping “conservatives” in this state will ignore all the deceit and lies by omission and still vote for Deal.

gm

September 29th, 2010
1:06 pm

It does not matter how much debt,how crooked he is, most of those hicks in south georgia are going to support him.

Of course its Obama fault that Georgia has been a mess for 8 years, it does not matter to these bigots down there.

Deal could steal from their kin, it will still be ok.

ZELL4PRES

September 29th, 2010
1:07 pm

Ummm, don’t you Roybama fans realize that now he can be listed as a creditor on the BK, which would wipe out his responsibility for the debt??? The son in law was ineligible by 3 months from filing BK the first time. Since it is reopened, he is now eligible to refile, Deal can be added to the creditors, and he will be free and clear. This is a GOOD thing for Deal. But I guess you sheep don’t even realize that all the Barnes ads have quotes from one paper…the AJC, that say he is corrupt. These OPINIONS have not been validated by anyone, just the AJC. So, the next ad will say the DEAL eats puppies and beats elderly people just because I said it here, and old miss Tucker took it and ran with it. Liberals, just keep believing every thing your party says, don’t worry about due diligence. I’m not even worried about this election, because I’m sure the Roy voters will be able to find their way to the polls about as well as they can find their way to the facts. How about a campaign about the issues, how about an intellectual debate about the issues? All Roy is campaigning on is that Deal is alledgedly corrupt, and that Roy Barnes is not Nathan Deal. That’s worth spending millions on, for sure…

Sad to the core

September 29th, 2010
1:08 pm

Our state may do better without a governor for 4 years rather than vote in any of the three that are running this time. Can we write in Handel?

Marty

September 29th, 2010
1:09 pm

GaBlue, you sum it up quite well. Thank you!

Wild Bill Kelso

September 29th, 2010
1:11 pm

Hey Pops, why don’t you just come out an endorse your boy Roy? You know Obama will and the AJC will make you. So, come on Pops, be a man and endorse your boy Roy right now!

shyril

September 29th, 2010
1:12 pm

Nathan Deal has lied from the very beginning. I am simply not going to believe that any person of sound mind would vote for him for Governor. He has not told the complete truth yet. How is that possible? We are going to the be the laughing stock of the South. Please do not elect Nathan Deal.

ZELL4PRES

September 29th, 2010
1:13 pm

john

September 29th, 2010
12:29 pm
This is a red state. A republican will always be elected regardless of the amount of baggage he carries. Heck, Al Sharpton would win in Georgia if he ran as the republican nominee for governor.

John,
Check your facts, Georgis JUST elected the first republican governor in 2002 since the CIVIL WAR. Seriously???

Imma Community Organizer

September 29th, 2010
1:14 pm

So fun to watch the name calling by all the Dems/Libs on this blog. Coming from the same Party that gave us Cynthia McKinney, Hank Johnson, Robert Byrd, Ted Kennedy, Barney Frank, Joe Biden, Maxine Waters, …..Hilarious.

Bill

September 29th, 2010
1:17 pm

Zell4pres,
Wishful thinking. If he is added as a creditor, he will be unsecured. The bank is secured for the amount that he signed for. He gets no reprieve. If, as he sometimes stated he is part owner, he may be on the hook for a lot more.

Steve

September 29th, 2010
1:17 pm

Zell4Pres – You are wrong. The BR filing of the Wilders does not affect Deal’s liability for any debt one way or the other. If he was a guarantor or co-debtor on a debt with the Wilders, he is still liable regardless of whether they add him as a creditor or co-debtor. If he was never liable for a debt, their filing does not make him liable.

In addition, the son-in-law’s discharge will be revoked because of the 8 years, simply because that is the law. There is no discretion there and he can’t really fight it. After this case is closed, he can file again. HOWEVER, if the US Trustee goes further and seeks to revoke their discharge because of the schedules being inaccurate or incomplete, and the Judge revokes their discharge for that reason, they can’t simply file again and get a discharge. That would be deemed a bad act.

rod bodiford

September 29th, 2010
1:19 pm

No Deal…No Way

King Roy

September 29th, 2010
1:19 pm

HOHOHO!!…sorry ’bout throwin’ ya under that bus, there, Bishop Long..HAHAHA!…But, ya see, I bee runnin’ fer office of Guvnuh…HOHOHOHO!…and, I be keepin’ this $5K, thank ya….maybe I make ya “Czar Bishop”, HOHOHOHO!!!

Old Timey

September 29th, 2010
1:19 pm

Anyone remember Peyton Place? Things always seemed to get worse with every episode.

gm

September 29th, 2010
1:21 pm

imma coommunity organizer: you mean the same Cynthia Mckinney who after 911 told the truth about Bush and 10 years later came to be the truth.

I’m sorry it not name calling, when the world see your state as hicks who support a man who is showing you he can not run the state, and Bubbas in south Georgia dont care.

Joe Bob Perteat

September 29th, 2010
1:22 pm

Kneel Borezt, radio loudmouth & baldheaded fool, has just endorsed Nate “Big” Deal. Rajah Roy is in the pocket of the teacher goonion, it is alleged. And, our precious children are headed for utter ruination if Nate “I forgot” Deal is not the next governor.

Imma Community Organizer

September 29th, 2010
1:26 pm

Gm
Do you mean Ms McKinney, and you, have proof of her loony accusation that Bush was in on the 9/11 attacks?
BTW, you once again prove my point, you couldn’t have one post without name calling. Pathetic.

tandra88

September 29th, 2010
1:29 pm

And you wonder why this State is going backwards.You get what you vote for Georgia. SAD….

GOPIDIOTS

September 29th, 2010
1:30 pm

Putting Deal in the governors office is like putting Fat Albert in a Candy Store!

It is clear that he does not know how to manage money at the very least. He will try to find a way to be sneaky and steal money the whole time. He is a white-collar crook, nothing more or less.

Yet, you bigoted right wing nuts will support him anyway because of what he stands for. He is a corrupt liar that will continue his ways. Those who vote for Deal make GA look like a state full of totally stupid, idiotic, dumb, racist, uneducated, hick, redneck, fools!

Deal is truly an embarassment to us all.

songbird

September 29th, 2010
1:31 pm

Most of the Republicans in this state used to be Democrats. Republicans used to be the party of business and the wealthy. They were also the party that freed the slaves. Unfortunately, the people in the Republican party now are mostly social conservatives and bigots. There are a few rich people who still support them, but even that has waned in recent history.

Imma Community Organizer

September 29th, 2010
1:31 pm

Come on Libs!! Keep that name calling going!! It shows your intelligence!

Atlanta CPA

September 29th, 2010
1:31 pm

Steve

September 29th, 2010
1:17 pm

I agree with Bill, if Deal was really a partner the unsecured creditors can go after him.. I think there was about $500,000 of unsecured debt involved. It is hard to believe that some one like Deal who calls himself a lawyer could get in a mess like this.

ZELL4PRES

September 29th, 2010
1:35 pm

Steve and Bill,
His SIL was 3 months from being eligible for filing again, so I doubt the omission was in bad faith. Which means, more than likely, they will allow him to file again. And you are wrong, if they list Deal as a creditor, his only liability is for those assets owned by the children’s business. His IRA, other businesses, and other personal properties would be protected. Just because you want it to be that way doesn’t make it that way.

GM,
Go back to third grade so you can insult us with proper grammar. We’re the hicks? Seriously? My ten your old niece writes better than you.

God Bless America.... and no one else

September 29th, 2010
1:47 pm

Keep banging the drum, AJC. Deal’s lead in the polls keeps getting bigger. Maybe, if you run a story a day on this through October, Deal can win by double digits.

Brad

September 29th, 2010
1:52 pm

“Liberals, just keep believing every thing your party says, don’t worry about due diligence. I’m not even worried about this election, because I’m sure the Roy voters will be able to find their way to the polls about as well as they can find their way to the facts. How about a campaign about the issues, how about an intellectual debate about the issues?”

That would be great, Zell. You going to have a chat with those “birthers” findog and hellfreezes? Plenty of stupidity on both sides.

findog

September 29th, 2010
2:03 pm

WHFO, will not matter
congress marches to its own drummer
they have already said that if elected expect a renewed interest in the executive branch by the GOP not seen since 1995-2000 when Clinton was President

ZELL4PRES

September 29th, 2010
2:06 pm

HOPE? CHANGE? No, Brad I don’t need to talk with the birthers. Cuz I believe in GONE 1/20/2013. Why is it all the libs on here can do is name call bash Deal? Tell us how Roy is going to save Georgia, PLEASE??? I’m friggin clueless what the dude stands for, except bashing Deal. I wonder if there’s any coorelation with this attitude and Obama’s “Blame everyone but me” attitude. Change my ass, his own party is scared to be seen in the same room with him. The jig is up dems, you are on your out, just check the polls.

catlady

September 29th, 2010
2:09 pm

Zell4: He was half owner of the business. That changes things.

lmno

September 29th, 2010
2:09 pm

I bought a house 5 years ago for $700,000. Although the other houses in my area now sell for considerably less than that, I am still convinced that my house is worth around $1,000,000.

I have sound judgement!

jconservative

September 29th, 2010
2:10 pm

I repeat what I have said from day one – Deal is a financial incompetent. His own actions prove it.

Yet the voters of Georgia will elect him to be in charge of the finances of the State of Georgia for the next 4 or 8 years.

You would not hire him to manage your retirement nest egg but you would hire him to manage the finances of your State.