Ex-North Carolina Lt. Gov. Mark Robinson and wife file for bankruptcy
The gist
Former North Carolina lieutenant governor Mark Robinson and his wife filed for Chapter 13 bankruptcy.
Court documents show the couple owe nearly $800,000 after years of debt and lawsuits.
How it unfolded
- 1998 -2002Robinson and his wife failed to pay an estimated $15,800 in income taxes, which they paid back in 2003.
- 1998 -2003The two filed bankruptcy three times and had two cars repossessed during that period.
- 2024The State Board of Elections found Robinson's campaign committed several campaign finance violations during his 2020 lieutenant governor run; he was ordered to pay $35,000, which he did in December 2024.
Key terms
- Chapter 13 bankruptcy
- A U.S. bankruptcy procedure letting an individual with regular income propose a court-approved plan to repay debts over three to five years.
- campaign finance violations
- Breaches of laws governing how political campaigns raise and spend money.
- mediated settlement
- An agreement resolving a dispute reached by the parties with the help of a neutral third-party mediator.
Source: Wikipedia