Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat
Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat
The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.
This kind of debt likely means that he's for sale, which is not great when it comes to public officials
Just standard republican shit. Putin will own this cunt, too.
Meanwhile, the rest of us can be denied jobs or housing opportunities (e.g rejected rental applications) if we have a bad credit score.
Any amount of debt and not a single one of us would be able to get security clearance in ANY government job, lol.
The people of West Virginia are going to send him to hold office with massive security implications to be sold to the highest bidder.
Stupid fucks.
Okay while I get what you're saying, and you are right that it is unfairly different for govt. officials than for citizens looking for a job, I really have to correct that it's not "any amount of debt" that will keep you from getting a clearance, or else they'd never get fresh college graduates. They specifically care about whether you seem to be in a financially precarious situation or are financially irresponsible. Student loans, mortgage, or credit card balances that haven't gotten out of control will likely get a pass whereas loan shark loans, balances sent to collections, or gambling debt will very much flag red. Again I do agree that it's ridiculous that politicians aren't held to the same standard.
"He's just like the rest of us dodging collection agencies. Who hasn't splurged on some luxuries instead of paying their debts?
"Are we really going to fault him because his debt has half a dozen more zeros than any of ours?
-Deplorables
This is the best summary I could come up with:
Jim Justice, the businessman-turned-politician governor of West Virginia, has been pursued in court for years by banks, governments, business partners and former employees for millions of dollars in unmet obligations.
And for a long time, Mr. Justice and his family’s companies have managed to stave off one threat after another with wily legal tactics notably at odds with the aw-shucks persona that has endeared him to so many West Virginians.
On Tuesday, he is heavily favored to win the Republican Senate primary and cruise to victory in the general election, especially after the departure of the Democratic incumbent, Joe Manchin III.
When asked about the growing mound of business troubles, Mr. Justice has repeatedly said that the daily operations of his companies are overseen by his children, and that he is focused on his duties as governor.
Justice companies had been steadily paying that down, but in April, they defaulted on the remainder of that debt — $302 million in loans that had been personally guaranteed by the governor and members of his family.
That auction is being challenged in court, and an April hearing was postponed as discussions continue “in an effort to reach a resolution that might address all parties’ concerns,” a lawyer for Carter Bank said in a filing.
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