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Having feelings of worthlessness or branding yourself a failure is common when faced with growing debt and
imminent bankruptcy. But go easy on yourself. Bankruptcy can happen to anyone at any time, regardless of their stature, income, or profession. In fact, some prominent people, who you never would expect to file bankruptcy, did so and became a huge success following it. The same can happen to you. Just remember that filing bankruptcy is not the end of the world. Rather, it gives you the financial freedom to begin a new journey in your life. For inspiration, here are some famous people who filed personal or business bankruptcy and are now on top of the world, both professionally and financially.

  • Burt Reynolds
    Popular movie actor Burt Reynolds filed bankruptcy in 1996.
  • Francis Ford Coppola
    Francis Ford Coppola Award winning Film Director, Producer, Screenwriter and Wine Maker. His movie studio, American Zoetrope, filed bankruptcy in 1990
  • Cyndi Lauper
    Before having hit songs, singer Cyndi Lauper filed bankruptcy in 1980.
  • Larry King
    Larry King CNN Talk Show Host and best selling author filed bankruptcy in 1978.
  • Dorothy Hamill
    Olympic Gold Medalist Dorothy Hamill filed Chapter 11 bankruptcy in 1996.
  • Wayne Newton
    Wayne Newton aka “Mr. Las Vegas” Entertainer Filed bankruptcy in 1992.
  • Gary Burghoff
    Gary Burghoff aka Radar O’Reilly Actor, M*A*S*H Filed bankruptcy in 1991; is now a successful wildlife artist.
  • Perez Hilton
    Before he was a popular celebrity gossip blogger, Perez Hilton filed bankruptcy in 2005.
  • Walt Disney
    In 1923, Walt Disney filed bankruptcy, but went on to create the “happiest place on earth” years later.
  • Henry Ford
    Henry Ford, who started the Detroit Automobile Company in 1899, filed bankruptcy in 1901, but two years later established the Ford Motor Company.
  • Milton Hershey
    Milton Hershey, founder of The Hershey Chocolate Company, filed bankruptcy twice before meeting with sweet success.
  • Mark Twain
    Bad investments forced author Mark Twain into bankruptcy in 1894.
  • Thomas Jefferson
    Thomas Jefferson 3rd U.S. President Filed bankruptcy several times.
  • Abraham Lincoln
    Abraham Lincoln 16th U.S. President Filed bankruptcy twice.
  • Ulysses S. Grant
    Ulysses S. Grant 18th U.S. President
  • William McKinley
    William McKinley 25th U.S. President

As you can see, bankruptcy is a debt relief solution for people from all walks of life. Many other famous people ran into financial problems and required bankruptcy protection. Among them are:

Authors: Oscar Wilde and Thomas Paine.

Singers: Tom Petty, Jerry Lee Lewis, Ted Nugent, Merle Haggard, Tammy Wynette, Johnny Paycheck, Toni Braxton, Marvin Gaye,
David Cross and George Jones.

Actors: Mickey Rooney, Don Johnson, Kim Basinger, Lynn Redgrave, Lorraine Bracco, Randy Quaid, Lorenzo Lamas, Margot Kidder and Zsa Zsa Gabor.

Movie and television icons: Dino DeLaurentis and Ed McMahon.

Professional Athletes: boxers Joe Louis and Leon Spinks; football great Johnny Unitas; and professional tennis player Bjorn Borg.

Business giants who filed either personal or business bankruptcy: H.J. Heinz, founder of Heinz Ketchup; P.T. Barnum of Barnum and Bailey Circus; and Charles Goodyear of Goodyear Tire Company.

Over the years, bankruptcy has become more commonplace. As our state and country experience ebbs and flows in economic challenges and job losses, personal finances are among the first to suffer, leading to great hardships. Bankruptcy is an acceptable and responsible way for addressing adversities and getting back on track.

If you are experiencing financial difficulties that are weighing you down and affecting your quality of life, contact bankruptcy Attorney John S. Simonian for a free consultation. It is the first step towards beginning your life anew.

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