Candidate critical of loan forgiveness asked to have student debt erased via bankruptcy – NBC4 Washington

ByDonald L. Leech

Oct 19, 2022

Republican candidate for Virginia’s 7th congressional district, Yesli Vega, who campaigned on the theme of fiscal responsibility, filed for personal bankruptcy more than a decade ago, the Prince William Times first reported, and one of his biggest debts was student loans.

Vega accused her Democratic opponent — incumbent Abigail Spanberger — and President Joe Biden of reckless spending.

Court records obtained by News4 show that Vega and her husband, Rene, filed for bankruptcy in Maryland in 2009. La Vegas had liabilities of more than $96,000. About $2,500 was owed in taxes from Maryland and Virginia, but nearly half of that total — nearly $46,000 — was for unpaid student loans.

Vega has strongly criticized the president’s student loan relief program. She also recently ran an ad with her father saying she would cut federal spending.

Spanberger said the bankruptcy disclosure reveals inconsistencies in Vega’s positions.

“The reality of what we continue to see with my opponent are examples of her hypocrisy and examples where the ideas and things she stands for are very different from her own lived experiences,” Spanberger said.

In a written statement, Vega explains that she and her husband ran a small real estate business. She blames the recession for their financial difficulties.

She goes on to say, “There is no comparison between my husband and I suffering the consequences of filing for bankruptcy and working to rebuild our lives, and Joe Biden and Abigail Spanberger illegally forcing people who did not go to court. university to pay off the debts of those who have chosen to pursue higher degrees simply because they believe it will benefit them politically.

Political analyst Stephen Farnsworth said the Vegas bankruptcy news is bad news for the campaign, but it may not sway as many voters as many are already firmly aligned.

“They’re either very much on the Democratic side or on the Republican side and they forgive their side and have no forgiveness for the other,” Farnsworth said. “The issue of this latest disclosure is not helpful to the Vega campaign, and for the slice of voters who might be genuinely undecided at this point, it could be another reason to decide one way or another. .”

Full statement from Vega:

“My husband and I had a small real estate business, just the two of us. During the Great Recession of 2008, like many other people, we really struggled. Unfortunately, as the markets collapsed under [Barack] Obama and Biden, our small business went bankrupt and we were forced into bankruptcy. I know many other people struggling in similar circumstances today and I understand their fear and pain because I have been through it too. There is no comparison between my husband and I suffering the consequences of filing for bankruptcy and working to rebuild our lives, and Joe Biden and Abigail Spanberger illegally forcing people who did not go to college to pay off debts of those who have chosen to make money. degrees simply because they think it will benefit them politically.