Home of Kathy Cox, Ga. school chief, is in foreclosure

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Georgia School Superintendent Kathy Cox, who filed for bankruptcy last year, will have her Peachtree City home on the auction block on July 7.

The Atlanta Journal Constitution reported today that a legal notice of the auction was printed in the Fayette Daily News last week.

Cox and her husband, developer John Cox, filed for personal bankruptcy last November, citing more than $3.5 million in liabilities and less than $650,000 in assets.

Most of the debt is tied to John Cox's business, Pebble Hill Homes. His wife, who makes about $125,000 a year, has no role in the business but is a co-signer on loans for it.

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