Atlanta Republican Cadidate Says He Will not File for Bankruptcy

In Atlanta, Republican candidate Nathan Deal recently addressed his financial issues that left him with $2 million in debt.  Despite his large amount of debt, Deal said he refuses to file for bankruptcy, such as Chapter 7 bankruptcy.

During an interview, Deal told a reporter, "I want to talk to you about the part that makes me real. That is the fact that I face the same challenges that most Georgians face, a downturn economy that has taken its toll on me and my family."

Deal said that he had invested $2 million in a sporting goods store that was launched by his daughter and son-in-law several years ago, but the store failed when the economy began to dwindle.  His daughter and son-in-law filed for bankruptcy and he said he was saddled with the responsibility of paying back $2 million in bank loans that financed the store for a total loss of $4 million.

Supposedly, Deal plans to repay the debt and will not take the bankruptcy route.  He Stated, "I'm going to make sure our obligations are met but I also want to tell you I think it's important for a governor to understand the pain that all Georgians are facing. My daughter and her husband and our family, we're not alone in this downturned economy."

Do you have plans to file for bankruptcy in Utah?  Contact the Stone Law Firm and speak with a Salt Lake City bankruptcy attorney.