Facing the prospect of bankruptcy? Life as you know it is NOT over! More than a million and a half Americans file for bankruptcy each year. If you are thinking that your financial situation can never be revived once you have filed, then think again. It is always possible to turn things around as many well-known and successful personalities have already proven.
Let’s look at a few Americans who have transformed their lives after declaring bankruptcy. If they can do it so can you!
Abraham Lincoln – Our 16th President of the United States, well known for the Emancipation Proclamation and his leadership during the Civil War filed for bankruptcy in 1833 as he failed miserably at a business venture. However, thanks to his high standing, Abraham Lincoln was given 17 years to repay his creditors and he did it.
Walt Disney – Creator and Chairman of Walt Disney Corporation was forced to file for bankruptcy in 1920 as his biggest client filed for bankruptcy. However, after few years, Walt launched a new company and created Mickey Mouse in 1928, which brought him financial freedom.
Henry Ford – The automobile giant refused to fail even though his first two companies failed to kick start and lead him to bankruptcy. His third company, Ford was launched in 1903 and made him a multi-millionaire almost over a night.