By: Brenna Lemieux
March 28, 2011
Pam Tusa, who is currently serving a second term on the Douglas County board, and her husband have recently filed for personal bankruptcy.
According to the Omaha World-Herald, the couple lists $24,357 in assets and $211,445 in liabilities on their Chapter 7 bankruptcy filing. Bankruptcies under Chapter 7 were the most popular form of consumer bankruptcy in 2010, making up 72 percent of total personal filings, according to the American Bankruptcy Institute.
Tusa said in a recent interview that the bankruptcy filing will not have any impact on her ability to serve her constituents on the county board, according to the news source.
"My husband, Gary, is in the real estate business, and due to the drastic decline in the housing market over an extended period of time, we also suffered, as many others have," she explained.
Of the debts listed on the bankruptcy filing, $8,255 is owed to the IRS for taxes from 2004 to 2006. The couple also owes $24,522 to Wells Fargo for credit card purchases, and owes money to other creditors that include Target, Kohls, Discover, Chase, Dillards, Citibank, Bank of America and JC Penney, the news provider reports.