How a bankrupt member of Congress spends his money
If you’re a bankrupt member of Congress who makes $174,000 a year, how do you spend your money?
In the five months since filing for bankruptcy, Texas Rep. Ruben Hinojosa has spent about $1,800 on clothes, $680 on cleaning service and given his children a total of $540 in allowance, according to bankruptcy filings obtained by The Daily Caller.
Hinojosa, a Democrat who sits on the House Financial Services Committee, filed for bankruptcy in December. He blamed his financial woes on the failure of a company, H&H Meat Products Co., for whom he had guaranteed a loan.
He’s required to file monthly summaries of his finances, which give a much more detailed look at his finances than the required financial disclosure forms for members of Congress.
A spokeswoman with Hinojosa’s office declined to comment on the bankruptcy case, directing a reporter to the congressman’s attorney, Eduardo V. Rodriguez. He did not respond to a request for comment Tuesday.
As of April, court filings show that Hinojosa has assets totaling about $1.4 million. His liabilities total about $2.9 million, according to documents.
Other expenses Hinojosa has listed in the time period between December and April include:
—$850 on childcare
—$254 on gifts
—$108 on haircuts
—$94 on health and fitness