Bankruptcy affects people of every age, creed, sex or ethnicity from every part of the country. Even celebrities both loved and disliked have their financial problems and depend on the bankruptcy laws to get out from under crippling debt.
No US President has filed for bankruptcy protection – whether before or after taking office. Several have faced financial struggles either personally or through their businesses – Harry Truman, Abraham Lincoln and Ulysses S Grant for example. But they did not file for debt relief under the bankruptcy code.
But I did find one serious candidate from a major party who DID file for bankruptcy. During this election week our focus will be on him.
Born in Avon, South Dakota, on July 19, 1922, U.S. Senator George McGovern worked to end the Vietnam War and helped reform the Democratic Party to better represent minority groups. He ran for the U.S. presidency in 1972 but was defeated by incumbent Republican President Richard Nixon.
Following his Senate career, beginning in the early 1990s, McGovern served as president of the Middle East Policy Council for seven years. He went on to work as a representative to the United Nations’ Food and Agriculture Organization and then, in 2001, was appointed the U.N.’s first global ambassador on hunger.
McGovern died on October 21, 2012, in Sioux Falls, South Dakota, at the age of 90.
McGovern acquired the leasehold to the Stratford Inn in Connecticut in 1988 (as opposed to the Stratford Inn in Vermont the home of the fictional setting of the Newhart TV series), but went out of business owing back state taxes. The corporation owning the inn filed for Chapter 11 bankruptcy in 1990 and McGovern filed for personal bankruptcy in January 1991.
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At Curry Law Office in Mount Vernon, IL, we are here to help you through your financial difficulties. Our down-to-earth bankruptcy attorney offers common sense advice and solutions for your bankruptcy filing.
Debt problems come in all shapes and sizes. For some of our clients, the issue that drives them to seek a lawyer’s advice is mounting credit card bills. For others, it may be an abusive creditor or a home foreclosure. At Curry Law Office in Mount Vernon, IL, we offer a free debt-relief planning session to discuss your financial problems and identify solutions.
Whether you live in Mount Vernon, Salem, Waltonville, Woodlawn, Lawrenceville, Centralia, Louisville, Xenia, Grayville, Effingham, Dieterich, Vandalia, McLeansboro, Dahlgren, Albion, Flora, Clay City, Kinmundy, Chester, Sparta, Olney, Mount Carmel, Nashville, Fairfield, Cisne, Wayne City, Carmi, Grayville, or anywhere in Southern Illinois; call or text today (618) 246-0993 or email firstname.lastname@example.org. Finally Be Financially Free by calling now.
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