April 19, 1997 in City

Former Councilman Declares Bankruptcy

From Staff And Wire Reports
 

Former Spokane City Councilman Joel Crosby and his wife, Kathleen, have filed for bankruptcy, listing debts totaling $289,696, court records show.

The couple owned three businesses, Washington Sportswear Inc., Crosby Screenprinting and Crosby Creations, which are now defunct.

A petition filed Tuesday in U.S. Bankruptcy Court lists 39 creditors who are owed money, mostly related to the failed business ventures.

The list includes $90,311 owed U.S. Bank for a business loan and $14,872 for a credit card.

The state Department of Revenue is owed $22,900 in delinquent taxes and the IRS is owed $5,500, the list of liabilities shows.

The petition lists assets of $138,620.

, DataTimes

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