Many of these people are wondering about bankruptcy. Would filing bankruptcy help them get the fresh start they need? Or would it ruin them forever? Have you been thinking that if you must file bankruptcy it brands you as a failure and terminates your financial future?
Bankruptcy is not the kiss of death. The pressure placed upon us by our debts saps us of energy and motivation that could be better spent on our family or our passions. In fact, many famous people have filed for bankruptcy and gone on to be financially successful.
Would you be surprised to know that Donald Trump, Henry Ford and Walt Disney all filed for bankruptcy? Comic book pioneer Stan Lee filed bankruptcy as did the founders of both Hershey’s Chocolate and of of Heinz Ketchup, H.J. Heinz.
Here’s a few more:
Entertainers Jerry Lee Lewis, Chaka Khan, Marvin Gaye and Andy Gibb, Larry King, Kim Basinger, Mickey Rooney, Burt Reynolds, Gary Coleman, Lynn Redgrave, Margot Kidman, Willie Nelson, Tammy Wynette, Merle Haggard, George Jones, Johnny Paycheck, Tom Petty, David Cross, Toni Braxton, Meat Loaf, M C Hammer and Ted Nugent.
Authors Samuel Clemens, (Mark Twain), Frank Baum (the creator of the Wizard of Oz), Oscar Wilde, Susan Powter and Kate O’Brien.
Several athletes including Mike Tyson, Leon Spinks and Joe Lewis, football player Johnny Unitas, tennis player Bjorn Borg and Olympic gold medalist Dorothy Hamill.
Many American politicians also make the list including our 18th president, Ulysses S. Grant, and our 25th president, William McKinley. Former Vice President Levi Morton and presidential nominee George McGovern filed. John Connally, the Texas governor wounded during the assassination of John F. Kennedy in 1963, went bankrupt as well.
As we now know, these people went on to become some of the most financially successful individuals in history. When you realize the businesspeople, entertainers, athletes, and politicians who have filed bankruptcy only to become our country’s leaders, the importance of bankruptcy protection becomes clear. It is not The End, but a new beginning.