Trump Donor Spent Big And Lived Large. Now He Is Filing To Take His Company Into Bankruptcy.

  • 📰 Forbes
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

On Friday, one of major GOP donor Richard Kofoed’s businesses filed for bankruptcy.

calls Acceler8 a “consulting firm that focuses on adding value to clients over several business sectors.” On the bankruptcy petition though, the firm is described as a single-asset real-estate business. Other government documents identify that asset as Kofoed’s home.

Kofoed estimates his firm’s assets at $1 million to $10 million on the petition, while valuing its debts between $500,000 and $1 million.In addition to the bankruptcy, Kofoed’s home is at the center of at least two other disputes. One company filed a mechanics lien in April, alleging Kofoed owes it $42,000 for the installation of solar panels. A contractor also sued Kofoed and his wife in October, claiming they failed to pay for $110,000 worth of renovations.

The Kofoeds and their attorney did not respond to requests for comment. The contractor who sued is seeking a default judgement after Kofoed failed to respond to complaints. It’s unclear whether Kofoed kept shelling out to Republicans last year. But just a month before Acceler8 filed for bankruptcy, his wife, Stacy,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ata sisi nyanya imepanda😩😂😂

Lying. He hid the money.

Anyone associated with Trump is shady.

Canada Canada Latest News, Canada Canada Headlines