Former Middle East hostage files for bankruptcy

AP News
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Posted: Nov 13, 2009 3:22 PM

Former hostage Terry Anderson, who was held captive in the Middle East for 6 1/2 years, has filed for bankruptcy.

In the chapter 7 bankruptcy filed Nov. 3, which was first reported by The Columbus Dispatch in Ohio, Anderson claimed $1.8 million in liabilities and $60,000 in assets.

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 an Ohio Senate race.

The bankruptcy filing lists 17 credit cards, some with debt related to a restaurant in the Virgin Islands.

Anderson did not immediately return phone messages.