State schools superintendent Kathy Cox and her husband have filed for bankruptcy. Cox said she and her husband John decided last week to file because of losses they’ve taken in his home building business. Cox said those builders like her husband have been hit hard in the current economic climate, and that it was a gut-wrenching decision. Paperwork filed listed the couple with $3.5 million in liabilities, and nearly $650,000 in assets. This summer, Cox won $1 million on the game show ‘Are You Smarter than a 5th Grader?’. She donated the winnings to three schools for the deaf and blind in Georgia.
