At the time I replied the first time, I guess I didn't know about the physical assets and values. I am going to have to change my opinion. He does have the assets to pay his creditors - it's just not cash assets. I could sink my whole savings into my home, purposely run up my debts and then declare - my home would still be untouchable and I believe retirement accounts are also untouchable, if I remember right.
These are the kind of guys the new law is supposed to protect us from. The court ought to make him cash in part of the equity in the home and at least use that to partially pay creditors, but we know it won't. The home is a protected asset.
I've completely changed my opinion, now knowing what I know. Strip the creep of his mayoral duties - he's certainly lost my respect. But I don't know that any of your other commissioners deserve the job either. Good luck!
Actually, Detector, there's a place on employment apps that you sign or not that allows the prospective employer to dig into your past, both criminal and credit. A lot of jobs depend on clean credit histories - insurance being one of them. I had to declare my bankruptcy on my apps (even for state agent's licenses in the 17 states I have them in) for 7 years following the bankruptcy. Partly because they could yank the license if I didn't declare it and they found out and partly because I didn't care if they did see it. I didn't do anything wrong but try to regroup to feed my kids. For some, I realize, it's a whole different thing.