September 21, 2012

CT’s McMahon says she will repay bankruptcy debts

Connecticut U.S. Senate candidate Linda McMahon says she and her husband will repay private creditors involved in their 1976 bankruptcy, The Associated Press reports.

McMahon had been criticized by Democrat Chris Murphy for failing to repay those debts, despite later making a fortune as chief executive of World Wrestling Entertainment. Documents obtained by The Day of New London found records detailing $1 million in debt at the time of the bankruptcy.

McMahon's campaign issued a statement Thursday night saying that after seeing the list of creditors for the first time this week, she and her husband began trying to find them.

She says they plan to reimburse the creditors at an amount four times what they were owed, adjusted for inflation.

Murphy's campaign criticized the move, saying she should not have waited nearly four decades.

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