‘I DECLARE BANKRUPTCY!’
3 SUCCESSFUL PEOPLE WHO DECLARED BANKRUPTCY (WHO AREN’T FROM ‘THE OFFICE’)
WALT DISNEY
There is a stigma attached to the word “bankruptcy.” Between the societal beliefs that money equates to success and that admitting shortcomings equates to weakness of character, people shy away from even discussing bankruptcy as an option. They view bankruptcy as the ultimate failure, succumbing to the misconception that it permanently destroys bank accounts, halts momentum, and is symptomatic of a poor work ethic. In reality, though, bankruptcy is a tool that can help you achieve stability professionally, financially, and personally. The process of declaring bankruptcy won’t leave you in a pile of rubble made up of your “failed” business ventures. Rather, it can help you discover your strengths and your weaknesses, which will help you put your best foot forward in the future. Our team here at Surf City Lawyers can confirm this based on the experiences of our past clients, but don’t take
our word for it! Here are three famous people who achieved success after declaring bankruptcy.
Disney was a pioneer in character animation and perhaps one of the most innovative businessmen in history. He created fictional characters we all grew up with, such as Mickey Mouse and Donald Duck, and built theme parks that continue to draw millions of visitors each year. Surprisingly, Walt and his brother, Roy, declared Disney Studios bankrupt in 1923 before going on to achieve tremendous success in the entertainment industry. Although these famous people were forced to declare bankruptcy during their formative professional years, they were all still able to achieve success. If you or someone you know is facing financial stress, considering bankruptcy, or just wants additional information, please feel free to reach out to our attorney, Christine, to get you the help you need.
MARK TWAIN
Twain is perhaps most famous for writing the great American novel “Adventures of Huckleberry Finn.” This book is often required reading in high school. Despite all of his opportunities, talent, and good fortune, Twain also faced money troubles and declared that he was bankrupt in 1893.
HENRY FORD
The founder of the Ford Motor Company radically changed the way we get from place to place by mass-producing automobiles, most notably the affordable Ford Model T. Despite his huge success and the fact that he revolutionized transportation in America, Ford faced financial problems early on and declared that his company was bankrupt in 1901.
M E M E S
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