Can a candidacy declare bankruptcy? And is Hillary earning interest from her loan to herself?

[mythyc]

not trying to lay flame bait, am genuinely curious about the answers to these questions....

connected to question one, what happens if Hillary does not raise enough money to pay of her $12 million of debt? are the venues vendors etc just hosed, or can they sue her? who would be responsible in such a suit, her or her candidacy (inc.)? if the former, are the debt collectors entitled to tap bill's wealth, or if not, in the latter case, how does the "business", which effectively closes shop once the primaries are over and she's out of the running, make the money to pay pack the debts? would declaring bankruptcy be the only opportunity, and if so, are there any legal precedents? Finally, is part of that debt the $4 million (is that the right amount) loan she made to herself, or is that a separate issue? would she just have to declare the loss, or will she still try to collect, and if so does she accrue interest? Were loan provisions written up, and if so what interest rate did she give herself?

the whole spectrum of both questions make me dizzy :silly:, but I would love to get some insight on this from you all

:yoiks:

[leftofcool]

1. First of all, Clinton has plenty of money and secondly

whay do you care if she lent herself money for the campaign and whether or not she charges her campaign interest? What does any of this have to do with Irag, Global Warming, Forclosures etc...

[Geoff R. Casavant]

2. I expect it might matter to some --

For example, I expect there might be some people who would be less willing to donate to Clinton's campaign if they knew their donation was going to go back to Clinton's personal pocket in the form of an interest payment rather than going for, say, advertising in Pennsylvania.

[leftofcool]

3. It would be the same as any other bill

[NanceGreggs]

4. It has nothing to do with Iraq, etc.

... because the OP is on a specific topic. Changing the subject is not an answer.

And it's an honest and serious question: Will the vendors, especially small business operators, be left with unpaid invoices when Hill's campaign goes under?

The interest question is also relevant, because if she is collecting interest on her own loan, it means she's making a profit on her investment in herself, while vendors are not being paid.

What does this have to do with issues like Iraq, global warming, etc.? Only this: if she can't run a campaign responsibly, she probably can't run a country responsibly enough to tackle much larger challenges. Fortunately, she won't be faced with the problem of doing so.

[Cant trust em]

7. well that sums it up pretty cogently. NT

[mythyc]

10. thanks nance

pleasant voice of reason round these here parts :)

[Cant trust em]

5. it's interesting information. NT

[rainbow4321]

8. "Plenty of money" means nothing to the people she owes $$ to...

If anything it makes her looks worse cuz it means she HAS the money to pay them but is choosing NOT TO out of greed and disrespect.

And it has everything to do with what you listed because everything boils down to MONEY management. Taxpayers are already paying for her campaign trail pit stops at schools/public facilities because ALL those kind of places are on her IOU list. Taxpayers, NOT HRC, are footing her unpaid bills. That alone shows she is going to abuse taxpayers on a national level.


If she cannot handle her campaign funds, how can she handle the gigantic $$ mess the next prez will inherit from the repuke regime??

[democrattotheend]

6. I don't think she is "earning interest"

I believe she is charging 1% interest on the loan, but that is less than she'd be making if she invested the money. She's not making money off her campaign, if that's what you are wondering.

[Mimosa]

9. Yes, a campaign can declare bankruptcy after it's over

I'm pretty certain political campaigns can declare bankruptcy when it's over. They used to do it all the time in Louisiana. Small vendors, the little people, used to proviode services and goods and got holding the empty bags. Television and radio staions and the media always demanded upfront payments.

I do think Hillary may HAVE to remain in in the hopes of getting enough money to pay the debts. If she does not she will wreck any credibility she has left. ~LOL As IF!~

Nancy Greggs is so right about how the campaigns have been managed reveal some things we need to know about how the they would govern and how they handle issues involving fiscal responsibility.