Red Bank GOP council candidate James A. Coolahan today accused Mayor Pasquale Menna of having leaked information about financial difficulties Coolahan has experienced, in possible violation of attorney ethics rules.
Coolahan made the allegation in an interview this afternoon with redbankgreen, which had been alerted to a Monmouth County Sheriff’s sale listing of Coolahan’s residence by a reader. The reader said she happened upon Coolahan’s name while perusing the list for real estate bargains.
The county lists the sale of Coolahan’s William Street home as having been scheduled for Sept. 24 as a result of a $445,000 judgment.
Further investigation by redbankgreen uncovered a filing for federal bankruptcy court protection made by Coolahan last Friday. Download coolahan_ch_13_petition.pdf
In a telephone interview, Coolahan acknowledged the pendency of bankruptcy and county-court actions, though he said the sheriff’s sale has been postponed to a future date. He said that he is well on his way to getting his finances in order after a long string of medical problems, and added that he is hopeful of saving his home from a mortgage company that is his primary creditor.
He also said he had consulted with Menna, who is an attorney, about his financial situation, and accused Menna of having leaked the information to parties Coolahan didn’t identify.
“I guarantee you got it from somebody who got it from Pat Menna,” Coolahan said. “I haven’t heard it from anybody else. Who the hell peruses the foreclosures, other than real estate people?”
Reached at his Shrewsbury office for comment, Menna, a Democrat, called the accusation an “absolute fucking fallacy. It’s a lie.”