Bankruptcy Filing By a Candidate Could be a Non-Issue in Election

As many in New Jersey have learned during the most recent recession, filing for bankruptcy is not an easy choice, but it is often the only choice for some who are struggling with debt. In these difficult economic times, especially, many found themselves victims of the real estate bust or having lost jobs and savings. Filing for personal bankruptcy may offer some the chance to start over financially and to even seek new careers.

In fact, people in New Jersey may be interested to learn that in this election year, some of those who have filed bankruptcy in the past are now seeking public office. In one state, several candidates recently answered reporters' questions regarding their past personal bankruptcy filings. Others that have filed, according to   http://www.goodfinancialcents.com/9-politicians-who-have-filed-for-bankruptcy/ include Ron Stephens, a representative of Illinois for 27 years in the House of Representatives and Ruben Hinojosa of Texas. The reasons for seeking the protections were numerous, but may be familiar to some suffering financial difficulties. Even one of the presidential candidates, Donald Trump, while not filing a personal bankruptcy, has been associated with a number of businesses that have filed for bankruptcy.

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