Willey on Verge of Bankruptcy
RICHMOND, Va. (AP) _ Kathleen Willey, who accused President Clinton of an unwanted sexual advance at the White House in 1993, is hundreds of thousands of dollars in debt and likely will be declared insolvent, a federal bankruptcy court official says.
Willey voluntarily filed for protection under federal bankruptcy laws last month, listing debts of more than $700,000 and assets of $19,011, primarily household furnishings, a car and a wedding ring.
``It’s my impression at this time that we’ll be in a no-asset bankruptcy case,″ U.S. Bankruptcy Trustee J. Stephen Bus said Friday at a meeting of creditors.
Clinton denied Willey’s allegation. A federal judge ruled in March that the president had violated privacy laws by releasing Willey’s letters to him to undermine her credibility.
Her money trouble stemmed from nearly $275,000 her late husband, Ed Willey, embezzled from a client, according to court papers. Ed Willey killed himself in 1993.
Ed Willey, a real estate lawyer who made some bad investments in the late 1980s, was hundreds of thousands of dollars in debt to the Internal Revenue Service.