STEVENS POINT, Wis. (AP) -- - Stevens Point Mayor Andrew Halverson says he has filed for bankruptcy after his clothing store sustained huge losses during the economic downturn.
Halverson says the Chapter 7 filing lists $200,000 in debt. He makes $67,000 as mayor.
He tells WAOW-TV his store, Andrews Limited, used to bring in $30,000 to $50,000 per month, but the recession cut those numbers in half. He says he and his wife borrowed money and used credit cards to try to stay afloat but revenue never recovered.
He says his personal financial troubles don't reflect on how the city is being run, although he understands critics may surface.
Halverson was elected mayor in 2007 and re-elected four years later. His current term ends in two years.
- Popular Netflix series starts suicide conversation
- Local police, organization work to reduce excessive drinking behavior
- Road closures in La Crosse this weekend
- Get rid of your unused or unwanted prescription medications this Saturday
- La Crosse celebrates Arbor Day with a tree planting
- News 8 Sports Round Up-April 28, 2017
- Community leaders observe Workers Memorial Day
- 2 kayakers die after boats capsizes in Lake Michigan
- Kenosha teen stabbed at school dies
- APNewsBreak: Syrian who sued Trump brings family to US