"All the debts that were out there were settled in a way that [they] could be, with the funds available," says Jon Furlow, spokesperson and onetime Rep president.
Tax records show that the Rep filed an extension for its final return until Feb. 10, 2010. It was received by the Internal Revenue Service on Jan. 11, 2010. The Rep began its final fiscal year with a debt of $424,888. It closed that fiscal year with a debt of $259,326.
