Deal discusses his 2.8-million dollar debt - WALB.com, Albany News, Weather, Sports

Deal discusses his 2.8-million dollar debt

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THOMASVILLE, GA (WALB) -

By LeiLani Golden - bio | email

THOMASVILLE, GA (WALB) –Republican gubernatorial nominee Nathan Deal failed to report two active loans for nearly three million dollars as required.

That's in addition to millions in other debt.

Deal flew into Thomasville Thursday afternoon for campaign fund raisers there and in Moultrie.

Deal and his business partner owe 2.8-million dollars in loans that Deal should have reported with the State Ethics Commission when he announced he was running for governor.

He calls it an "oversight."

Deal also admits he owes more than 2-million dollars after investing in his daughter's sporting goods store that he says failed because of bad timing.

"So it just did not succeed but we have assets," Deal assures. "We have the building the facility was in that's for sale and we have other assets so we're going to be fine in that regard. It's like a lot of people though. We've taken a hit and many Georgians have done the same thing. These are tough economic times."

Deal has filed an amended disclosure with the state. He says he intends to pay his debts and will not declare bankruptcy.

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