A Kentucky businessman is hoping to win the Republican nomination for state auditor despite currently being entangled in a personal bankruptcy case after losing a quarter of a million dollars in a real estate development bust, according to The Associated Press.
Although John T. Kemper III previously told the news source that his bankruptcy experience will not hinder his ability to be an effective state auditor, his opponents told the source that it will be hard for voters to ignore. For instance, while his Republican opponent Representative Addia Wuchner would not directly discuss Temper's finances with the source, she did say that voters may question his campaign website, which discusses the need for a "debt-free Kentucky."
Whoever wins the Republican nomination will run against Democrat Adam Edelen, who is unopposed in that primary, reported the source.
The source said Kemper's finances took a turn for the worst in 2005 after he invested $250,000 of his own money in a residential real estate development plan for upscale homes. The business scheme ended up failing after the economy dove into a recession in 2008, leading Kemper and his wife to file for Chapter 11 bankruptcy protection in 2009.
The election for Kentucky's statewide constitutional offices on May 17 is not expected to see a large voter turnout. According to the Corbin Times-Tribune, state officials predict that only 10 to 15 percent of Kentucky residents are expected to cast a vote.