Page 2 of 2 Previous
“I would say that the majority of the expenses would be related to business expenses, or it certainly could be related to personal expenses during those times of getting small businesses up and running and not being able to meet expenses and spending — unfortunately — credit on things that I probably shouldn’t have been expending credit on, to be honest,” he said in a telephone interview with the Star Tribune.
Gisselman used to run his own law firm, but is now focused on his small business called ALE Training, which provides alcohol awareness classes to the service industry.
He added in an e-mail that he has been “behind in personal and business finances at times, had high student loans that I am still paying today, [and] took on too much debt.” He considered filing for bankruptcy, but opted to pay off the debts over time.
“It was a series of decisions on my part that made it overwhelming and I have had to learn from it and get the money paid back,” Gisselman said. “I now have one credit card with a very small limit and have my debts under control.”
As for whether his debts conflict with his fiscal responsibility message, Gisselman said it is more akin to a rough patch than “demonstrative of my inability to stick by the idea that when we look at the city’s budget that we should be smart about spending on the different various projects we will have in front of us.”
Eric Roper • 612-673-1732