Ohio Super-Duper Lobbyist Files for Bankruptcy in Florida
The buzz floating around Columbus yesterday was that Neil Clark filed for bankruptcy, and did so during the Christmas holiday hoping to minimize press coverage. Today, Joe Hallett reports:
Clark’s filing shows his monthly income at $72,130, mostly from his lobbying business, Grant Street Consultants, and his political-media business, Midwest Communications and Media. Clark’s filing estimates he made nearly $3.5 million over the past three years.
Tipps, 73, said yesterday that Clark owes him $1 million.
In his filing, Clark claims assets of $1.25 million and liabilities of almost $6.4 million, including more than $1.3 million in personal income taxes owed to the Internal Revenue Service, $12,422 owed to the Ohio Department of Taxation, and $18,307 to the Franklin County treasurer.
Clark, 56, filed for bankruptcy in Florida, where he owns a Naples home. Clark is seeking to liquidate his assets and stave off creditors under Chapter 7 of the code.
Republican Neil S. Clark and Democrat Paul Tipps, a lobbying duo who had an outsized influence on public policy at the Statehouse for nearly two decades, have dropped lawsuits against each other in Franklin County Common Pleas Court while Clark is seeking bankruptcy protection.
A bitter feud between two former influential lobbying partners has moved from a Columbus trial court to a Florida bankruptcy court.
Nice work if you can get it, huh? Even though you and I could probably be ok with $72,130/month, Clark had well over $100,000/month in expenses….. after all, ex-wives are expensive.
Just like Tom Noe’s wife, Clark filed in Florida because their laws make it essentially impossible to take his house during bankruptcy. Unfortunately, reports are that Neil has no or negative equity in the house anyway. But can Neil claim to be a resident of Florida?
Neil was heavily involved in failed ballot issues to expand gambling in Ohio, but I’m not sure if he worked with Sandy Theis on the anti-Penn National campaign effort. Their office on State St., which I walk past all the time, still has Tipps and Clark’s names on it.
Neil’s tell-all book about Ohio politics, which is due out in about a year, will be fascinating.
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