Newt Gingrich’s health care think tank files for bankruptcy in Atlanta federal court


GOP presidential candidate Newt Gingrich reacts to comments made by Vice President Joe Biden on the reelection of President Obama, and talks about whether he would support Mitt Romney if the former Massachusetts governor gets the nomination.The health care think tank created by Republican presidential candidate Newt Gingrich is going out of business.

The Gingrich Group, also known as the Center for Health Transformation, filed for Chapter 7 bankruptcy in federal court in Atlanta on Wednesday. The bankruptcy filing marks an abrupt turn for a group that raised millions of dollars just a few years ago to support and promote Gingrich’s health care ideas.

 GOP presidential candidate Newt Gingrich reacts to comments made by Vice President Joe Biden on the reelection of President Obama, and talks about whether he would support Mitt Romney if the former Massachusetts governor gets the nomination.
The center’s filings indicate it has liabilities between $1 million and $10 million and between 50 and 99 creditors. The group had assets of only up to $100,000, the filing said.
Gingrich cut ties to the Center for Health Transformation and the Gingrich Group in May 2011 as he prepared his presidential run, said his attorney Stefan Passantino.  (Read more)

Advertisements

Posted on April 5, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: