If you are thinking about filing bankruptcy, you may think that you are the only one in this position. Thousands of individuals file bankruptcy every day to help them get back on a straight financial path. JC Penny, Pier 1 imports, and Toys R Us are only a few of the big companies that have used the bankruptcy process. However, many individuals have used bankruptcy to help them get financially ahead.
Here is a list of 50 Famous People that Filed Bankruptcy:
- Donald Trump
- Dave Ramsey
- Larry King
- Toni Braxton
- Marvin Gaye
- David Bowie
- Mick Fleetwork
- Abraham Lincoln
- Willie Nelson
- Burt Reynolds
- Meatloaf
- Archie Griffin
- David Crosby
- Isaac Hayes
- Jerry Lewis
- Ulysses S. Grant
- Mickey Rooney
- Mark Twain
- Henry Ford
- Nicholas Cage
- Vince Neil
- Kim Basinger
- 50 Cent
- Gary Coleman
- Latoya Jackson
- Cindy Lauper
- Thomas Jefferson
- George Jones
- MC Hammer
- Aaron Carter
- Randy Quaid
- Walt Disney
- Anita Bryant
- P.T. Barnum
- Elton John
- Mike Tyson
- Shane Filan
- Abby Lee Miller
- Stan Lee
- Teresa Giudice
- Joe Francis
- Milton Hershey
- Abby Lee Miller
- Jose Conseco
- Janice Dickinson
- Casey Anthony
- Michael Vick
- Vince Neil
- Sherman Hemsley
- Johnny Unitas
Each year this list continues to get longer. These people all used the protections of the Bankruptcy Court to get rid of their debt and start over.
What To Learn From Individuals Who Filed Bankruptcy
Unforeseeable circumstances can happen to everyone, even celebrities. If celebrities who are well off can get into financial trouble then it shows it can happen to anyone. The take away is that you can file bankruptcy and still be okay in the future. For example, Walt Disney filed bankruptcy before he opened Walt Disney. He went on to build a 98 billion dollar brand. Donald Trump is one of the most well-known examples of someone who bounced back after filing bankruptcy. There is a life after bankruptcy.
Regaining Credit After Bankruptcy
Individuals can rebuild their credit after filing bankruptcy. For many, bankruptcy can help rebuild their credit score. With less debt, individuals sometimes see an increase in their credit scores right after filing bankruptcy. Individuals are able to get car loans, credit cards and mortgages after filing bankruptcy.
“It Is never too late to start over financially”
If you are in debt and need help, contact Karra L. Kingston Esq. at (973)-979-9078. Karra L. Kingston Esq. helps individuals in and around Staten Island, New York and New Jersey file bankruptcy and get out of debt.