Former Carolina Lt. Gov. Mark Robinson files Chapter 13 bankruptcy, citing up to $1 million in debts and assets
Mark Robinson and his wife, Yolanda Hill, have filed for Chapter 13 bankruptcy after listing up to $1 million in assets and liabilities.
Former North Carolina Lieutenant Governor Mark Robinson and his wife, Yolanda Hill, have filed for Chapter 13 bankruptcy, citing debts and assets estimated between $500,000 and $1 million, Fox 8 reported. This marks the third bankruptcy filing for the couple in more than two decades, with the previous filings occurring after Robinson's unsuccessful gubernatorial campaign.
Chapter 13 bankruptcy allows individuals with a steady income to reorganize their finances and repay debts under a court-approved plan. The bankruptcy petition lists secured debt primarily related to their home and vehicles, totaling over $475,000, and non-priority unsecured debt, largely consisting of credit card balances and collection agency accounts, exceeding $300,000.
The filing also notes about $3,000 in taxes and other government obligations. Among their liabilities are potential damages from a pending lawsuit filed against CNN and musician Louis Love Money, stemming from a dismissed defamation lawsuit by Robinson. Hill's former nonprofit, Balanced Nutrition Inc., is named as a co-debtor due to unpaid Child and Adult Care Food Program reimbursements.
The couple's Chapter 13 filing places them under federal bankruptcy court supervision as they work to restructure their debts.
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