Former Councilman Declares Bankruptcy
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.