Gorman Bankruptcy Cases Come to a Close
Cook County commissioner and her husband escape $13.5 million in debt, according to Sun-Times Media report.
The bankruptcy of Gerald Gorman and Cook County Commissioner Elizabeth Doody Gorman have been discharged, leaving creditors with $13.5 million in debt, most of which was owed by the couple's former Midlothian Dodge dealership.
The cases were closed Monday, according to a report by Sun-Times Media.
Gorman (R-Orland Park) and her husband still have foreclosure cases pending on their Orland Park home.
Reports Mike Nolan:
Gerald Gorman, a former Chrysler and Dodge dealer, filed for bankruptcy in September while his wife’s filing came in November, just days after her re-election to the county board.
In October 2006, DaimlerChrysler Financial Services won a $4.2 million judgment against the couple related to the financing of new vehicles provided to the dealership. That debt was still outstanding when the Gormans filed for bankruptcy.
Chrysler Financial had also accused the couple of improperly using dealership funds for personal expenses, including making six loans totaling nearly $400,000 to Gorman’s 2002 initial campaign for the county board. An effort by the lender in federal court to recoup some of that money became irrelevant after the bankruptcy filings.
“My husband and I are vindicated and look forward to moving on and not looking back,” Gorman told the reporter in a statement.
Spike
5:51 pm on Tuesday, June 7, 2011
Vindicated? Really? She just had $13 million in debt she and that husband of hers racked up. That $13 million costs us jobs, and ruined lives, her house is in foreclosure and she is "vindicated".
These Flying Monkeys and their Queen are really something else. See EVOY what crowd you are associated with. Aren't you proud? An arrested Fire Commissioner and failed village trustee candidate, a Fire District president with foreclosure and bankruptcy of over $650,000, another Highway Commissioner/Park Dist Prez forging his ex-wife's signature, the list goes on.
You were respected EVOY, but not anymore. How proud of your actions and your new friends you must be.
Andrea Williams
9:00 pm on Tuesday, June 7, 2011
If you are going to use insulting analogies, at least get them right or you don't get credit for them being clever nor do they carry the same amout of sting. The Flying Monkeys were under the command of a witch, not a queen.
Spike
9:48 pm on Tuesday, June 7, 2011
Liz is losing her house maybe you can take her in Andrea, and Hickey too. Not enough room in the double wide for all of them. Seriously though, you are much more of a worthy opponent at this than Hanania, you should be charging them for this.
frank
12:48 am on Wednesday, June 8, 2011
Boy, this is getting good. I can see all the money it is going to cost the taxpayers.
What evil webs you spin.