Robbie Perkins, the first-term mayor of Greensboro, filed for Chapter 7 bankruptcy last Friday in Federal Court. The mayor says his total debt is between $10.6 and $10.8 million. The financial trouble is partly personal and largely professional. Perkins owes several million dollars to banks for multiple property deals approximately $644,000 on a home mortgage and nearly $200,000 to the IRS.
“The combination of getting divorced and not seeing the ability to dig out of the real estate hole caused me to file for bankruptcy,” Perkins said.