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.
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 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.