A common misconception about bankruptcy is that it is a financial death sentence. Most people think that by filing for bankruptcy, they will never be able to buy a house, finance a car and will forever have a blacklisted credit report.
However, most people do not realize that they are quickly able to rebuild their credit and are in a much better financial position after eliminating their debts.
As a matter of fact, many famous people (including past US Presidents) have filed for bankruptcy and have gone on to accomplish great things. This list includes:
- Abraham Lincoln
- Henry Ford
- PT Barnum (think circus)
- Milton Hershey (think chocolate)
- Walt Disney
- Donald Trump
- Ulysses S. Grant
- Larry King
- Mark Twain
- HJ Heinz (think ketchup)
- Thomas Jefferson
If you are considering bankruptcy, contact an Orange County Bankruptcy Lawyer at 1st California Law for a free consultation.