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6/23/2005

Dan Nelson Automotive

Car dealer and Republican hack Dan Nelson has declared his auto company bankrupt. He says a pending lawsuit in Iowa has cut into his business.

"Citing an ongoing legal fight with the Iowa attorney general, an embattled Sioux Falls car dealer has declared bankruptcy.

Dan Nelson Automotive Group Inc. filed for Chapter 11 reorganization late Tuesday in U.S. Bankruptcy Court in Sioux Falls. Court documents show the company with total assets of $6.4 million and total debts of $29.9 million."

The lawsuit brought by the Iowa AG accuses Nelson's company of "taking advantage of financially vulnerable customers."

The ironic thing here is that while Dan Nelson Automotive has no problem filing for bankruptcy, the consumers they screwed over, now may have a harder time declaring personal bankruptcy because of recent legislation rammed through by Nelson's Republican brethren.

Just another day under the thumb of modern Conservatism I guess.

1 Comments:

At 7/11/2005 03:12:00 PM, Anonymous Anonymous said...

I worked for this company and all I could do was smirk when I heard that his corrupt business practices are starting to bite him in the ass.

 

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