State Sen. Lee Bright has at least $1.4 million in debt related to a failed trucking business.
Bright, one of four Republicans planning to challenge incumbent U.S. Sen. Lindsey Graham in June’s GOP primary, said he is personally responsible for about $500,000 of that debt, most stemming from the failure of the trucking business that he started in 1997.
Bright, R-Spartanburg, reported his debt and earnings – $92,911 from January 2012 to August of this year – on a personal finance disclosure that he filed with the U.S. Senate this week and provided to The State.
Bright said Thursday that he included all of his firm’s debt on his personal disclosure in the interest of transparency. He reported owing 29 creditors between $1.4 million and $3.1 million on the disclosure, which candidates for U.S. Senate are required to file. That report includes ranges for a candidate’s assets and debts, not specific amounts.