Gingrich Health Care Think Tank Heads Into Ch. 7

Law360, New York (April 5, 2012, 3:13 PM EDT) -- A health care think tank founded by Newt Gingrich filed for Chapter 7 bankruptcy Wednesday in Georgia, providing a legal and political headache for the former House speaker and Republican presidential candidate.

Atlanta-based Center for Health Transformation, also called The Gingrich Group LLC, listed assets of between $50,000 and $100,000 and liabilities of between $1 million and $10 million. The voluntary petition named 100 parties who appeared to be creditors of the for-profit center, including Gingrich and his wife, Callista.

On Thursday, the judge overseeing the...
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