Many people express shame and disgust when they contact me about filing for bankruptcy.
They feel like a loser. They feel beaten down and they feel their live is over. Nothing can be further from the truth.
A Bankruptcy can be a way for you to get a fresh start and wipe your slate clean and become debt free.
In fact, there are many famous people (Including Abraham Lincoln) who have filed bankruptcy and later rebounded bigger and better than ever.
This has been true also from my experience with my clients. Many of my clients within a few short years after their bankruptcy were able to obtain credit cards, get car loans and qualify for mortgages.
If they did not file for bankruptcy, they would never have been able to move forward.
Here is a list of some very famous people that either filed bankruptcy or had financial problems.
I would hardly call any of them losers.
So the next time you are being too hard on yourself due to your financial situation, look over this list.
BANKRUPTCY – 67 Famous People Who Lost It All:
Benedict Arnold P.T. Barnum Kim Basinger
George Best John Wayne Bobbitt Lorraine Bracco
Buffalo Bill Tia Carrere George Clinton
Gary Coleman Francis Ford Coppola David Crosby
Walt Disney Jim Dooley William C. Durant
Mick Fleetwood Heidi Fleiss Zsa Zsa Gabor
Leif Garrett Marvin Gaye Ulysses S. Grant
Archie Griffin Corey Haim Dorothy Hamill
MC Hammer Isaac Hayes Milton S. Hershey
Perez Hilton Ronald Isley LoToya Jackson
Don Johnson Margot Kidder Larry King
Lisa “Left Eye” Lopes William McKinley Willie Nelson
Wayne Newton Ted Nugent Suge Knight
Cyndi Lauper Jerry Lee Lewis Meat Loaf
Abraham Lincoln Thomas Paine Tom Petty
Bud Post Susan Powter Robert Price
Randy Quaid Rembrandt Tommy Rettig
Burt Reynolds Mickey Rooney Anna Nicole Smith
Dee Snider Lynn Spears Sheryl Swoopes
Lawrence Taylor Donald Trump Mark Twain
Mike Tyson Johnny Unitas Gloria Vanderbilt
Oscar Wilde Ray Winstone Francis Lloyd Wright