{"id":97401,"date":"2018-10-18T19:14:53","date_gmt":"2018-10-19T01:14:53","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/treasurer-candidate-colton-black-says-bankruptcy-a-personal-matter\/"},"modified":"2018-10-18T19:14:53","modified_gmt":"2018-10-19T01:14:53","slug":"treasurer-candidate-colton-black-says-bankruptcy-a-personal-matter","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/treasurer-candidate-colton-black-says-bankruptcy-a-personal-matter\/","title":{"rendered":"Treasurer candidate Colton Black says bankruptcy a personal matter"},"content":{"rendered":"\n<p>Opponents of Colton Black are questioning his fitness to serve as La Plata County treasurer, pointing to a personal bankruptcy he filed in 2012. But Black says it is a last-minute attempt to smear him and distract voters from his qualifications.<\/p>\n<p>Black said his bankruptcy filing was a personal matter between him and his ex-wife that has no bearing on his ability to oversee county finances.<\/p>\n<p>Several commenters on social media and in letters to<em class=\"Nimrod Ital\"> The Durango Herald<\/em> call out Black\u2019s bankruptcy as proof that he wouldn\u2019t be good at overseeing county finances. They have repeatedly shared an online link to the website <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/6709536\" target=\"_blank\" rel=\"noopener\">BrokerageCheck<\/a>, which provides details of the bankruptcy filing.<\/p>\n<p>\u201cI don\u2019t want someone who can\u2019t handle their own finances handling La Plata County\u2019s money,\u201d Carol Cure, a Durango resident, commented on the <em class=\"Nimrod Ital\">Herald<\/em>\u2019s website.<\/p>\n<p>Management of finances is at the forefront of the race between Black and incumbent Treasurer Allison Aichele. Black has repeatedly questioned Aichele\u2019s capability at her job after an outside firm found rampant errors in bookkeeping and processing in the office. As a result, the county is a \u201chigh risk\u201d auditee and must pay more for audit costs for the next three years.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=f71faee2-c96a-463c-b420-231d207a6857&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" srcset=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=f71faee2-c96a-463c-b420-231d207a6857&amp;function=cover&amp;type=preview&amp;source=false&amp;width=800 800w, https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=f71faee2-c96a-463c-b420-231d207a6857&amp;function=cover&amp;type=preview&amp;source=false&amp;width=1200 1200w, https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=f71faee2-c96a-463c-b420-231d207a6857&amp;function=cover&amp;type=preview&amp;source=false&amp;width=1800 1800w\" sizes=\"auto, (max-width: 480px) 100vw, (max-width: 1024px) 100vw, 2000px\" width=\"1335\" height=\"1335\" alt=\"Black\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Black<\/span><span class=\"credit\">du1-i-syn<\/span><\/figcaption><\/figure>\n<\/p><p>Black said in an email to the Herald that his bankruptcy was part of a divorce.<\/p>\n<p>\u201cIn a divorce, even if your divorce decree assigns responsibility to pay certain jointly held debts to your ex-spouse, the creditor can still come after you if they fail to pay,\u201d Black wrote.<\/p>\n<p>\u201cYou can then take your ex back to court to seek recourse for failing to comply with the divorce decree, but that doesn\u2019t mean your credit won\u2019t still be irreparably damaged in the meantime.\u201d<\/p>\n<p>Black said his attorney advised him to file a joint bankruptcy before the divorce to create a cleaner break and avoid potential for future litigation.<\/p>\n<p>\u201cIf you search bankruptcy and divorce, you will see this is a pretty common occurrence,\u201d Black wrote.<\/p>\n<p>Black\u2019s bankruptcy filings on <a href=\"https:\/\/www.pacer.gov\/\" target=\"_blank\" rel=\"noopener\">Public Access to Court Electronic Records<\/a>, also known as PACER, show the bankruptcy was a joint-bankruptcy filing between him and his ex-wife in 2012.<\/p>\n<p>Black said to obtain the numerous banking and investment licenses he currently holds requires an extensive background, credit and financial fitness check.<\/p>\n<p>\u201cIf there was any concern, they wouldn\u2019t have licensed me, and by law you must update the various reporting agencies with any changes,\u201d Black said. \u201cThe fact that all of these licenses are still valid serves as solid proof that I am financially fit to serve as county treasurer.\u201d<\/p>\n<p>Black said all of this information is public record, and that his opponents are using it as a way to discredit him before Election Day on Nov. 6.<\/p>\n<p>\u201cDon\u2019t let this be the distraction they want it to be,\u201d Black said. \u201cI assure you I am highly qualified to be our next county treasurer, and I have a solid plan to fix the current problems in our Treasurer\u2019s Office.\u201d<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image naviga-align-left alignleft\" data-naviga-align=\"left\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=542fae31-8265-4c7f-a657-fb0a538ba608&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" srcset=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=542fae31-8265-4c7f-a657-fb0a538ba608&amp;function=cover&amp;type=preview&amp;source=false&amp;width=800 800w, https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=542fae31-8265-4c7f-a657-fb0a538ba608&amp;function=cover&amp;type=preview&amp;source=false&amp;width=1200 1200w, https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=542fae31-8265-4c7f-a657-fb0a538ba608&amp;function=cover&amp;type=preview&amp;source=false&amp;width=1800 1800w\" sizes=\"auto, (max-width: 480px) 100vw, (max-width: 1024px) 100vw, 2000px\" width=\"330\" height=\"531\" alt=\"Aichele\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Aichele<\/span><span class=\"credit\">du1-i-syn<\/span><\/figcaption><\/figure>\n<\/p><p>Aichele said she became aware of Black\u2019s bankruptcy filing after seeing it on the BrokerageCheck website. She declined to say whether the filing has any bearing on a person\u2019s ability to serve as treasurer.<\/p>\n<p>\u201cI can only say the Treasurer\u2019s Office is an accounting office and we have financial accountability,\u201d she said. \u201cWe have to be 100 percent accurate in all our accounts.\u201d<\/p>\n<p>Black countered that Aichele also filed for personal bankruptcy around 2015 or 2016. Black said he is in the process of trying to pull the public records to support his claim. As of Thursday, the <em class=\"Nimrod Ital\">Herald<\/em> had found no such filings on public websites such as PACER.<\/p>\n<p>Aichele denied she has filed personal bankruptcy. On Thursday, she delivered her personal credit score to a <em class=\"ITC ital\">Herald<\/em> reporter to show she has good personal financial standing.<\/p>\n<p>\u201cI have never filed for bankruptcy or contemplated that, so don\u2019t know where that is coming from,\u201d she said.<\/p>\n<p><em class=\"mwc_shirttail\"><a href=\"mailto:jromeo@durangoherald.com\">jromeo@durangoherald.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opponents say financial filing raises concern for managing public funds<\/p>\n","protected":false},"author":1,"featured_media":97402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5736,5735],"tags":[266,1512,308],"naviga_topic":[],"class_list":["post-97401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","category-news","tag-election","tag-la-plata-county-government","tag-local-elections"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/97401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=97401"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/97401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/97402"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=97401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=97401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=97401"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=97401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}