LITTLE ROCK, Ark. (AP) - Former Arkansas Lt. Gov. Mark Darr and his wife have filed for Chapter 13 bankruptcy protection.
The Arkansas Democrat-Gazette reports (https://bit.ly/1JPWH5L ) that court documents show Darr and Kimberly Darr have assets of $29,900 and debts of $78,099.70. The largest asset is a 2010 Cadillac SRX while the debts include nearly $10,000 to credit card companies and $18,735 to Ford Motor Credit Corp.
Darr is a Republican from Springdale who resigned as lieutenant governor on Feb. 1, 2014, after pressure mounted following his agreeing in December 2013 to pay a nearly $11,000 fine for 11 state ethics law violations. The violations included personal use of more than $31,000 in campaign funds and misspending taxpayer funds.
A Chapter 13 bankruptcy allows a debtor with regular income to develop a repayment plan.
Information from: Arkansas Democrat-Gazette, https://www.arkansasonline.com
Copyright © 2022 The Washington Times, LLC.