Orlando Ramos, one of three finalists for St. Paul schools' superintendent, withdrew Tuesday after it was revealed that he'd failed to disclose that he sought bankruptcy protection about eight years ago.
The exit came a few hours after the Star Tribune reported about the bankruptcy filing in a story on its website.
"I apologize for the distraction that this issue has caused," Ramos said in a written statement. "I wish the St. Paul community the best as district leaders work to find the best candidate to lead St. Paul Public Schools."
Said school board Chairman Jon Schumacher, "The board respects Mr. Ramos' decision and wishes him well."
His departure leaves Joe Gothard, superintendent of the Burnsville-Eagan-Savage School District, and Cheryl Logan, chief academic support officer for the School District of Philadelphia, as candidates to lead the state's second-largest district.
Last week, the school board had met privately in small groups to narrow a list of 13 semifinalists to three finalists to be interviewed this week.
At the time, Schumacher said he was confident that each of the finalists was qualified to lead the district.
He did not know, however, of Ramos' Chapter 13 bankruptcy filing until he was informed of the case by the newspaper on Tuesday. Schumacher said then that it was "hard to say" whether a bankruptcy disclosure a week or more ago could have affected Ramos' ability to make the three-person cut.