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Gingrich's think tank files for bankruptcy

ATLANTA (AP) — The health care think tank created by Republican presidential candidate Newt Gingrich has filed for bankruptcy.

Records show the Gingrich Group, also known as the Center for Health Transformation, filed for Chapter 7 bankruptcy on Wednesday in federal court in Atlanta. The filing indicates the group has liabilities between $1 million and $10 million, and between 50 and 99 creditors.

Gingrich cut ties to the Center for Health Transformation and the Gingrich Group last year, though financial disclosures show he's still owed millions for his share of the business.

Gingrich's group created the center in 2003 to focus on health-related initiatives like improved health care technology, Medicare changes and President Barack Obama's health care overhaul.

Comments

notblind 2 years ago

And Gingrich thinks he's presidential material ????

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kevin 2 years ago

Newt, I do not know what went wrong here. We were hoping you or H. Cain would save us from Romney but I guess money talks and wins out all the time. No wonder a "pure" simple "citizen" of this country can never run for an election and get on a ballot. We only get to vote for who the BIG PARTIES want us to vote for. Sad times in America and for its people. The people do not know how to stop listening to the media and think for themselves anymore. KIds are already brain-washed by the time the get out of high school and definitley by the time they leave college. God gave us a freee will and left us all alone. The times we live in today are the results of the free-wills that control our lives. They want to take the place of God. They think they are but God is still in control. We are waiting for his perfect timing.

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