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Judge Seeks Chapter 13 Relief

Clark A. Peterson, a judge in Kootenai County, and his wife, Donna M., filed for Chapter 13 relief in U.S. Bankruptcy Court. In their petition, the Petersons, of Post Falls, listed total assets of nearly $205,000, and debts of nearly $457,000, according to court documents. Clark Peterson claimed $8,900 in gross-monthly wages, with payroll deductions of $2,700, and take-home pay of $6,200. Donna Peterson was listed as a homemaker. The Petersons’ average monthly expenses are $5,400. Chapter 13 allows debtors to keep property and develop a plan to repay all or part of their debts over time, usually in three to five years. During that time the law forbids creditors from starting or continuing collection efforts/ David Cole , Coeur d’Alene Press. More here.

Question: Will this affect Peterson’s ability to judge?

* This story was originally published as a post from the blog "Huckleberries Online." Read all stories from this blog