The St. Louis Post-Dispatch reported that Missouri state auditor candidate Maida Coleman, currently a Democratic state senator from St. Louis, filed for Chapter 13 bankruptcy in 1998.
While bankruptcy does not have the stigma it once did, I would hate to see the Democrats nominate someone with a bankruptcy on her record to be in charge of making sure state officials and agencies are spending taxpayer money properly.
I think the bankruptcy shows a good business sense. All major coporations today utilize this survival vehicle. With corporatism the rule of the day in our society I would think this background would be a big plus. She had the agility to adapt to her funding situation and take advantage of a legal vehicle. She should get the all the Republican vote on this one.
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