Gingrich’s Healthcare Think Tank Files for Liquidation

Thursday, 05 Apr 2012 05:16 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The healthcare think tank begun by Republican presidential candidate Newt Gingrich has filed for Chapter 7 bankruptcy, which means liquidation, the Atlanta Business Chronicle reports.

Gingrich started the Center for Health Transformation in 2003 and divested his stake in the for-profit organization in May 2011 before announcing his run for president, Stefan Passantino, a lawyer for the former House speaker who also served as counsel for the think tank, told The Atlanta Journal-Constitution.

The think tank has offices in Washington, D.C., Atlanta, and St. Louis. Gingrich hasn’t been involved in the company’s operations for almost a year, Passantino said, the Journal-Constitution reported. The bankruptcy filing “has no involvement with his campaign, and, if anything, goes to show how important his leadership was [to the think tank] flourishing,” the lawyer stressed.

Unsecured creditors of the center include Gingrich and his wife Callista; their film company, Gingrich Productions; Aflac and other insurance and healthcare firms; UPS; and the high-powered Atlanta law firm McKenna Long & Aldridge.

In its bankruptcy filing, the center cited liabilities of $1 million to $10 million, and 50 to 90 creditors. Political observers told the Chronicle that the negative publicity from this will doom Gingrich’s presidential campaign.





© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Cory Gardner, Colorado May Provide Solution for GOP on Immigration

Sunday, 23 Nov 2014 07:28 AM

Republicans in search of a way to oppose President Barack Obama's moves on immigration without alienating the nation's f . . .

Potential Clinton Donors to Meet in New York Next Week

Saturday, 22 Nov 2014 22:28 PM

A group will meet in New York next week to discuss ways of raising money for Hillary Clinton as soon as she announces he . . .

Ready For Hillary Eager to Be Put Out of Business

Saturday, 22 Nov 2014 14:43 PM

Ready For Hillary is ready to go out of business - just as soon as she announces definitively whether she's running or n . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved