August 23, 2011
By: Brenna Lemieux
Glenn Broska, who is currently running for mayor of Streetsboro, Ohio, confirmed recently that he is currently making payments in a Chapter 13 bankruptcy reorganization plan, according to RecordPub.com. Broska, who faces two main opponents in the November 8 election, filed his Chapter 13 case in 2009 and has been making monthly payments of $455 to creditors since then according to his bankruptcy plan.
That a mayoral candidate would openly talk about his bankruptcy history shows how much our national attitude toward filing for bankruptcy has changed since the recession hit a few years ago.
According to RecordPub.com, Broska turned to Chapter 13 bankruptcy protection because he was dealt several financial blows in a row: first, in 2006, Broska and his wife divorced. As many divorcees know, the process and aftermath of ending a marriage can come with a significant price tag, and has led more than a few families to bankruptcy court.
Then, Broska reportedly stopped working his part-time job at the Streetsboro Fire Department, a position that had earned him as much as $42,000 annually. Broska also stated that he helped pay his son's college expenses and more debt came in the form of medical bills: his unemployed adult daughter, who remained on his health insurance, faced health issues. The bills proved more than Broska could handle on his reduced, divorce-depleted income.
So he filed for Chapter 13 bankruptcy.
Now that news of Broska's bankruptcy has come to light, he may spin it in his favor for the remainder of his campaign. Being able to recover from serious setbacks could aid any politician, and in a time when so many Americans are facing financial struggles of their own, voters may be more likely to sympathize with Broska's past.