Mr Gingrich cut ties with the company in 2011 as he prepared to mount his
presidential bid and the records show that he and his wife Callista are in
fact fact owed money by the company.
Stefan Passantino, a lawyer for Mr Gingrich’s campaign, said the financial
collapse did not happen while the candidate was in charge and would not harm
his presidential ambitions.
“If anything, it shows the importance of his leadership while he was there,”
he told the Atlanta Business Chronicle.
In reality, Mr Gingrich’s campaign has all but surrendered with the former
Speaker rarely venturing far beyond the television studios and the
Washington DC area.
He has admitted he is likely to come third in the race for delegates but said
on Wednesday that he still held out hope of an “open convention” if Mitt
Romney could be denied the 1,144 delegates he needs to clinch the nomination
outright.
“I’m not going to beat Romney head to head, but it’s conceivable that between
Ron Paul, Rick Santorum and me, we’ll have enough delegates to have an open
convention, and if we have an open convention, the truth is, nobody knows
what would happen,” he told the ABC News.