How did Sussex Democrat candidate go bankrupt while making $23,000 a month?

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Deana Lykins is a lawyer-lobbyist and member of the One Percent.  She has a big house, fancy automobiles, and a wealthy lifestyle… but that didn’t stop her from spending herself into bankruptcy court.  She recently announced her candidacy for Assembly, running as a Phil Murphy Democrat.

In August of 2014, the candidate filed for bankruptcy (case #14-26076) in federal court and reported a monthly household income of $23,576.00 (that’s every month).  That’s more than the yearly income (per capita) of the average resident in a town like Sussex Borough ($20,887). 

From the bankruptcy court filings,  the debt appears to be consumer or lifestyle based… with a number of credit card companies listed as creditors, as well as tax authorities.  Property listed included a large, well appointed house, as well as a BMW, Land Rover, and a Chrysler Sebring.

Candidate Lykins is well-known in Trenton, where she worked for the Democrats in the Legislature before turning into a lobbyist for the insurance industry.  What skills she has to offer are ominous – especially in the area of keeping spending in check and balancing budgets – but Lykins would be a safe vote in support of the spending and debt agenda of Democrat Governor Phil Murphy and the rest of the Trenton Democrats. 

We will be examining this candidate’s record further in the weeks and months ahead.  So stay tuned…