The housing and credit crunch has claimed a high-profile victim in the education world. Georgia’s State Schools Superintendant Kathy Cox and her husband have filed for personal bankruptcy. Cox’s husband is a homebuilder and the couple is more than $3 million in debt, mostly due to debts associated with the business.
It’s a case off no good deed goes unpunished: Just two months ago, Cox won $1 million on the game show “Are You Smarter Than a Fifth Grader?” She said she would donate her winnings to a pair of schools for the deaf and one for the blind, and still plans to make good on that pledge despite the bankruptcy filing.
A statement issue by the Georgia schools chief over the weekend says “this filing does not affect my ability to perform the duties of my job as state superintendent of schools.”
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