Likely Michigan GOP gubernatorial candidate James Craig filed for bankruptcy twice
Former Detroit Police Chief and likely Republican gubernatorial candidate James Craig twice filed for bankruptcy while likely serving as a lieutenant in the Los Angeles Police Department, federal court documents obtained by Metro Times and Deadline Detroit show.
The Chapter 13 filings from 1997 and 1998 stem from credit card debt, IRS arrearages, and delinquent mortgage payments, potentially raising questions for voters about Craig’s ability to handle Michigan’s more than $60 billion budget. The cases seem designed to reorganize debt to prevent an impending foreclosure on a $270,000 home he and his then-wife purchased in LA’s Baldwin Hills neighborhood, according to Southfield-based bankruptcy attorney, Morrie Lefkowitz, who was not part of the case but reviewed the files.
Both cases were dismissed by a judge after Craig failed to make payments on his reorganized debt. The debt may have been resolved when Craig eventually sold his home, which was near foreclosure, at a profit.
Though the documents don’t provide a concrete reason for why Chapter 13 was filed, it’s often used by those who are about to lose their home, Lefkowitz said. Documents show Craig, who was then in his early 40s, and his then-wife were about $15,000 behind on mortgage payments and owed $26,000 across about 11 credit cards, including $5,000 to Discover, $1,600 to Goodyear, and $700 to Saks Fifth Avenue.
Read more: https://www.metrotimes.com/news-hits/archives/2021/07/15/likely-michigan-gop-gubernatorial-candidate-james-craig-filed-for-bankruptcy-twice
Three marriages and two bankruptcies. The red flag is waving.
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