Saturday, October 8, 2011

Bankruptcy surfaces as issue in Kentucky auditor's race

The race to become Kentucky's next auditor comes with some unlikely baggage - the bankruptcy of one candidate deep in debt since an ambitious real estate development was torpedoed by a sinking national economy.

Republican candidate John T. Kemper III talks openly about filing for Chapter 11 bankruptcy protection in 2009 after his gamble to develop upscale homes on a tract along the Fayette-Jessamine County line went bust as the economy and housing market tanked.

Read the rest of the article at Cincinnati.com

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