Celebrity Bankruptcy: Famous Bankrupts Through History

Celebrity Bankruptcy: Famous Bankrupts Through History """Many people who are confronting bankruptcy or serious financial difficulties feel alone and isolated. Many believe that filing for bankruptcy will mark them as failures. Below is a list of notable bankrupts, many of whom went on to achieve tremendous success. On the list are three U.S. presidents, the founders of the two largest automakers (Ford and General Motors), Alfred Nobel (creator of the Nobel Prize), Donald Trump, and Nikola Tesla (the man who gave us the electricity we use today). Insolvency is merely an occurrence; it does not have to define you.

The reality of a competitive business environment is that the majority of businesses will fail. During this procedure, many individuals gain knowledge that will be useful for their future business endeavors. It is in the best economic interest of society to have a bankruptcy system that is flexible, not punitive, and assists individuals in regaining their financial footing. The following is a list of individuals who have achieved significant success after declaring bankruptcy.

Abraham Lincoln served as the sixteenth President of the United States.

P.T. Barnum was the greatest American circus entrepreneur.

Kim Basinger is an Academy Award-winning actress (1993).

Frank Baum - author of The Wizard of Oz

Miguel de Cervantes - Novelist; Don Quixote

Samuel L. Clemens (""""Mark Twain"""") - popular American author - humorist (1894)

Francis Ford Coppola is an Academy Award-winning screenwriter, director, and producer (1999).

Author Daniel Defoe; Robinson Crusoe

Oscar-winning film producer, animation and theme park pioneer Walt Disney (1923).

Henry Dunant - Founder of the Red Cross

William C. Durant - General Motors' founder

Henry Ford - Manufacturer of automobiles

William Fox was a co-founder of the 20th Century Fox Film Corporation in 1936.

Charles Goodyear was an American inventor of the 19th century who discovered how to vulcanize rubber.

Ulysses S. Grant was the 18th President of the United States, a Civil War general, and a best-selling American author. His visage appears on the US fifty dollar bill (1884, after he left office).

Johannes Gutenberg was the inventor of moveable type.

H.J. Heinz - Founder of Heinz Ketchup

Robert Kiyosaki is the author of Rich Dad, Poor Dad.

Stan Lee, pioneer of the comic book industry and co-creator of ""Spider-Man,"" ""The Incredible Hulk,"" and ""The X-Men,"" among others (2001).

William McKinley was the 25th President of the United States from 1897 to 1901.

Immanuel Nobel - father of manufacturers - philanthropist Alfred Nobel, who established the Nobel Prize (twice - in 1833, the year Alfred was born, and in 1856, when Alfred was 23).

Oskar Schindler was an activist who rescued more than one thousand Jews from the Nazis.

Alternating current was created by Nikola Tesla.

Donald Trump - billionaire entrepreneur

Oscar Wilde was a renowned poet and writer.

James Wilson served on the U.S. Supreme Court from 1789 to 1798.

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