Former Georgia county commissioner files for bankruptcy
The former Gwinnett County commissioner who stepped down after being accused of bribery and influencing votes has now filed for bankruptcy, according to an article in the Atlanta-Journal Constitution. Kevin Kenerly opted to file for Chapter 11 bankruptcy protection instead of a Chapter 13 filing. He likely made that choice because of his level of debt did not comply with the debt limits set forth in the Chapter 13 bankruptcy laws.
In his bankruptcy filing, Kenerly reported assets of less than $50,000 and debts of more than $3.5 million. Those debts include a $1.6 million mortgage on a Georgia mansion, which is currently listed for sale for $2.8 million. He also owes nearly $6,000 on unpaid condominium association dues for a Florida vacation home and more than $65,000 in car loans for three separate vehicles, all of which were purchased in 2009.
The newspaper reports that Kenerly filed for Chapter 11 bankruptcy protection on the first Monday of this month. Because people who file on that first Monday are generally attempting to avoid having their home foreclosed upon on the first Tuesday of the month, the filing may be a sign that his home is nearing foreclosure. However, Kenerly has not confirmed that suspicion.
Kenerly is currently facing criminal charges after a 10-month investigation grand jury investigation reportedly found that he had been overpaying for parcels of land to be used for county parks and benefiting from his actions. He stepped down from his position in November 2010 after serving as commissioner for 16 years.
Source: Atlanta Journal-Constitution, “Kenerly files for bankruptcy,” Andria Simmons, Dec. 5, 2011
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