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World Wrestling Entertainment Owners Filed for Bankruptcy in 1976 by Kevin Judd





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World Wrestling Entertainment Owners Filed for Bankruptcy in 1976 by
Article Posted: 09/28/2012
Article Views: 102
Articles Written: 34
Word Count: 168
Article Votes: 0
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World Wrestling Entertainment Owners Filed for Bankruptcy in 1976


 
Law,Business,Sports
U.S. Senate candidate Linda McMahon and her husband Vince, the owners of World Wrestling Entertainment (WWE), filed for bankruptcy in 1976, according to the Associated Press.

Documents released by the National Archives and Records Administration in Massachusetts show that the McMahons owed $955,805 in debts to creditors at the time of their filing, including $100,064 to the Internal Revenue Service.

Linda, a Republican, is currently running a Senate campaign against Democratic Representative Chris Murphy in Connecticut. “It’s wrong that McMahon made hundreds of millions of dollars at the WWE but still has not paid back the people she owes from her foreclosure and bankruptcy,” said Ben Marter, a spokesman for Murphy to the AP.

Corry Bliss, McMahon’s campaign manager, told the AP that over half of the creditors were repaid through the bankruptcy. “That’s why bankruptcy is so serious. Bankruptcy provides people with the opportunity to start over,” Bliss said.

Kevin D. Judd

Law Firm of Kevin D. Judd

Related Articles - bankruptcy, Chapter 13, Chapter 7, linda mcmahon, maryland bankruptcy lawyer, vince mcmahon, washington dc bankruptcy lawyer, world wrestling entertai,

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