. . . but that has never stopped a Bankruptcy Trustee before. You may recall the story of our former Secretary of Education, Kathy Cox (that’s with a “K”) and her tumultuous life since appearing on the Fox Game Show “Are You Smarter Than a Fifth Grader.”
Secretary Cox went on that show vowing to give her winnings, if any, to Georgia’s state run schools for the Blind and the Deaf. She won a million dollars. Then tragedy struck and her family was forced to file for bankruptcy. That is when things got hairy. The Bankruptcy trustee is charged with paying back the creditors of a person as much as possible – and Cox having won a million dollars only 3 months prior soon realized that the trustees wanted that money too. Naturally, legal battle ensue. Since that time, Mrs. Cox has elected to drop out of her primary for reelection after the qualifying date – forcing the Governor to appoint an interim Secretary of Education who had to attempt to mount a write-in campaign – and taken a job in Washington dealing with education policy.
That just leaves one little item left to talk about – the MONEY. They’ve decided to split it. Or so a proposed settlement suggests, it has yet to be approved by the honorable Judge Homer Drake. The trustee seems satisfied, and Mrs. Cox seems angry about this outcome:
“I think it is a satisfactory resolution and hope it will provide meaningful distribution to the creditors and satisfaction to other interested parties,” he said.
Kathy Cox said she is not a satisfied party.
“It actually makes me angry,” said Cox, who is now chief executive officer of the U.S. Education Delivery Institute, a Washington think tank.
“If anybody had watched the show, it was so clear I was there as the state school superintendent,” she said. “That money had nothing to do with what was happening to us personally.”
Bankruptcy isn’t a land of sunshine and roses. More and more Georgians are finding that out daily. While this outcome is extremely unfortunate for the affected schools, it is not an absurd outcome. The trustee is just performing his duty. The Bankruptcy Court is just following the law.