November 11, 2005
And, boy, are we all shocked
Clearly, this man managed his $360,000 a year from Philadelphia Airport Services well:
The brother of Mayor John F. Street filed for bankruptcy protection, citing business debts. T. Milton Street Sr. filed for Chapter 7 bankruptcy, in which assets are liquidated and creditors accept whatever payment the debtor can muster.
The bankruptcy petition, filed Monday in U.S. Bankruptcy Court in Philadelphia, listed Street's estimated assets at $50,000 or less and indicated that he has $75,000 in debts.
Don't worry. Johnny'll have something up his sleeve. Maybe right before ethics legislation is debated? Naah.
Mayor Street's Brother Files For Bankruptcy [AP via 6ABC]
Posted by D-Mac on November 11, 2005 10:40 AM
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