Sunday, November 23, 2008

Bankruptcy After Winning One Million Dollars

The Georgia State School Superintendent is declaring bankruptcy – not long after giving away a $1 million she won on the FOX TV show Are You Smarter Than A 5th-Grader? Kathy Cox gave part of that money went to Clarkston’s Atlanta Area School for the Deaf and Cave Spring’s Georgia School for the Deaf. Her husband is a builder hit hard by the economic collapse. Because she set up the donations under a foundation, the gifts are protected from creditors.

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