Friday, March 07, 2008

Bad checks, unpaid federal taxes, credit card debt featured in Neosho City Councilman's 2005 bankruptcy

Less than six months after he was elected to be one of five people in charge of keeping the city of Neosho solvent, Councilman Matt Persinger filed for Chapter 7 bankruptcy in U. S. Bankruptcy Court for the Western District of Missouri.
Bankruptcy court documents show that Persinger, who is scheduled to complete his first term in April, failed to pay the U. S. Government $6,330.48 in taxes, owed $41,868.53 in credit card debt and also had multiple bad checks listed among his debts.
The court documents show Persinger and his wife, Jessica, listed $140,730 in assets and $271,146.36 in liabilities.

Listed as debts in the bankruptcy documents were:

-Internal Revenue Service taxes $730.48
-Internal Revenue Service taxes $5,600
-ASC, St. Louis, for property located in Duenweg, $63,875.26
-Audit Systems Incorporated, services rendered, $51.23
-Bank of America, credit card, $4,176.81
-Bank of America, credit card, $3,419.57
-Bill Me Later, $476.11
-Capital One, credit card, $3,190
-Capital One Bank, credit card, $831.97
-Chase, Palatine Ill, credit card, $9,931.80
-Chase, Palatine, Ill., credit card, $4,881.69
-Citi Cards, Des Moines, Iowa, credit card, $4,208.36
-Citi Financial, Columbus, Ohio, furniture, $3,581.37
-Deborah McCoy, Newton County prosecuting attorney's office, bad check, $88.42
-Discover, Salt Lake City, Utah, credit card, $1,454.68
-Discover, Salt Lake City, Utah, credit card, $2,971.78
-Famous Barr, Cleveland, Ohio, credit card, $228.13
-First State Bank, Joplin, pickup of ex-husband, $434.14
-James Frank Herron, Joplin, money loaned, $7,000
-L&G FoodMart, Inc., North Little Rock, Ark., bad check $47.97
-Missouri Gas Energy, Kansas City, utility service, $509.31
-SN Servicing Corporation, Baton Rouge, La. $5,298.14
-Sports Illustrated, Tampa, Fla., magazines, $89.04
-Stores Online Fair Financial, online business, $1,900
-US Bank, Cincinnati, Ohio, repossession of a car, $7,804.19
-Wal-Mart Stores, Inc., Tuscaloosa, Ala., bad checks, $241.60
-Victoria's Secret, San Antonio, Texas, credit card, $293.33
-Zales, credit card, $6,583.74

Persinger was running unopposed for re-election until earlier this week when Heather Bowers filed to run as a write-in candidate.

4 comments:

Anonymous said...

Unfortunately, with the floundering Bush economy, you will see more of this. Being "overextended" does not just apply to a City Councilman. Small towns and small churches will soon start to belly up. When jobs are lost at the rate they are now, it has a domino effect. So, stand by.

Anonymous said...

This isn't "overextended"... these are shopping sprees gone wild. Six grand at Zales? And this is a fellow with his hand on the city finances. Lord have mercy.

Thanks for bringing this to light Randy.

Anonymous said...

Randy, if you want a real story you might contact Heather Bowers and see why she decided to run for the City Council against Matt Persinger. Scutter

Anonymous said...

Wonder which debt came first, the Zales credit card or the Victoria's Secret credit card? Can't have one without the other :D