WILMINGTON, NC (WWAY) -- Former New Hanover County Commissioner and state Senator Julia Boseman is looking for a fresh start, filing Chapter 7 bankruptcy last week. Tonight we take a look the bankruptcy documents and the debt Boseman has incurred.
She was once a political leader in North Carolina, having a hand in how the state was run. Now Boseman is apparently busy trying to run her own life, which includes filing for chapter seven bankruptcy.
According to documents filed Friday Boseman owes money to more than 20 institutions. From a mortgage on a $735,000 home in Landfall, to a $565,000 debt owed to BB&T, $87,000 in business loans, along with a condo at the Village at Mayfaire, numerous credit cards, including three Discover cards and a company account at Banana Republic, to which Boseman owes $500, and a Mercedes-Benz just to name a few.
The document also details Boseman's monthly income and expenses. The attorney claims to make just more than $2,000 a month. Meanwhile her monthly expenditures, which include a mortgage payment, utilities, home maintenance, food, and other expenses comes out to more than $3,900; meaning she's in the hole every month for $1,891 and change.
Chapter 7 bankruptcy means Boseman's non-exempt property can be sold. That money would then go to pay the debt she owes.
We reached out to Boseman by phone, both on her personal cell and office, but we did not get a call back by news time.