LEXINGTON, Ky. (AP) — Former hostage Terry Anderson, who was held captive in the Middle East for 6 1/2 years, has filed for bankruptcy.
Anderson claimed $1.8 million in liabilities and $60,000 in assets in the Chapter 7 bankruptcy filed Nov. 3 in Lexington.
Anderson was chief Middle East correspondent for The Associated Press when he was kidnapped in Lebanon by Iranian-sponsored terrorists. He was freed in 1991. He is now a lecturer at the University of Kentucky.
After being released, Anderson received a $26 million judgment in a lawsuit against Iran. In 2004, he lost the race for an Ohio Senate seat.
The bankruptcy filing lists 17 credit cards, some with debt related to a restaurant in the Virgin Islands.
Anderson did not immediately return messages left at his office at the university.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
