As the old saying goes, “If at first you don’t succeed, try, try again.” Without the privilege to file for bankruptcy, many famous and accomplished individuals and businesses would have been deprived of the opportunity to try again and succeed.
Abraham Lincoln declared bankruptcy after failing at an attempt to open a general store in 1833. He went on to become our greatest president.
P.T. Barnum filed for bankruptcy protection in 1856 after defaulting on a bad loan he guaranteed for a friend’s business. He regrouped and formed the world renowned Barnum and Bailey’s Circus.
William McKinley, then Governor of Ohio, due to a defaulted business loan he co-signed for a friend, filed for bankruptcy in 1883 – three years later he was elected our 25th president.
Mark Twain went bankrupt in 1894 over a failed attempt to publish his own work (because he disliked his publisher), along with a bad investment in an automatic typesetting machine that never came to fruition. It did not stop him from success.
Henry Ford filed for bankruptcy in 1896 after failing at his first venture, the Detroit Automobile Company. He later filed again after failing at his second attempt – the Henry Ford Company. Finally he succeeded in creating the Ford Motor Company.
Walt Disney filed for bankruptcy in 1923 when his first animation company failed. He was given a fresh start and, with help from his family, he succeeded in forming Walt Disney Studios where, in 1928, Mickey Mouse was born. The rest is history.
Dozens of accomplished individuals filed for bankruptcy, including Mickey Rooney, Willie Nelson, Francis Ford Coppola, Oscar Wilde, Burt Reynolds, and Nicholas Cage, to name a few.
At the Law Office of Thomas Denny, we believe everyone deserves a fresh start. If financial burden is holding you back from living your life to its fullest call Buffalo bankruptcy lawyer Thomas Denny. He will personally assess your situation and guide you in the right direction. His fees are affordable and he takes pride in knowing he has helped each of his many satisfied clients achieve a fresh start.
For a FREE CONSULTATION call (716) 800-1234.