Posted by: The Last Liberal Gwinnettian | October 2, 2010

Nathan Deal’s Bankruptcy Voting Record

Republican Gubernatorial candidate Nathan Deal has been linked to the issue of bankruptcy numerous times thus far. First, there was the story about Nathan Deal’s daughter and son-in-law filing for bankruptcy in 2009 in order to have their various debts discharged; then there was the revelation that Deal himself may well be facing bankruptcy come February 2011; finally, the wonderful tale of son-in-law Clinton Wilder’s previous bankruptcy, which rendered the 2009 bankruptcy illegal. This bankruptcy case has since been reopened, and it will be interesting to see what happens next. Feel free to peruse our past coverage of these events here.

What hasn’t really been mentioned is Deal’s voting record on the issue of bankruptcy. Nathan Deal voted in favor of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2004.  This bill was specifically designed to make it far more difficult for debtors, such as Clinton Wilder, to have their debts discharged by filing for Chapter 7 bankruptcy. Instead, the bill essentially mandated that debtors file for Chapter 13, which requires some portion of the debts to be paid off.  By the way, the people who truly benefitted from the passage of this bill were none other than the credit card industry. No surprise, therefore, that the credit card industry strongly backed the bill. It’s great to know that Deal doesn’t mind the influence of special interest groups.

While this isn’t exactly a vote-deciding issue, it is important for informed voters to note that Nathan Deal voted in favor of a bill designed to prevent bankruptcy abuses just 4-5 years before his daughter and son-in-law abused the bankruptcy process. Nathan Deal has repeatedly stated his commitment to his family. When his daughter needed help, she went to Deal for the seed money to start a business. When the business struggled, she went to Deal to cosign loan after loan. I find it difficult to believe that when the business finally went under and she found herself facing bankruptcy, she didn’t go to Deal for advice. I find it very difficult to believe that a true family man would have remained uninvolved – at least as an observer – while his child went through the harrowing process of filing for bankruptcy. And yet, that bankruptcy filing has since been reopened for examination because of likely fraud.

Nathan Deal: Votes with the credit card companies, then helps his family circumnavigate the very laws he helped to pass. Because that’s what we need in the Governor’s mansion.

No Deal, Georgia.

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