People with all levels of income can overcome their financial problems by filing bankruptcy. The following is a list of famous people including artists, athletes, authors, actors and businessmen who filed for bankruptcy. Most of the celebrities listed below not only recovered financially, but many went on to earn great wealth after filing bankruptcy.
Rembrandt, the famous Dutch painter filed for bankruptcy at the age of 50 in 1656.
P.T. Barnum from Barnum and Bailey Circus filed for bankruptcy in 1871.
Mark Twain, pre-eminent American author filed for bankruptcy in 1894 and discharged all his debts.
Henry John Heinz, condiment manufacturer filed for bankruptcy in 1875.
Oscar Wilde, acclaimed poet and author, was forced into bankruptcy in 1895.
Milton Snavely Hershey, founder of Hershey’s chocolate, started four candy companies that failed and filed bankruptcy before starting what is now Hershey’s Foods Corporation.
Henry Ford, automobile manufacturer, filed bankruptcy twice before creating a third company, the Ford Motor Company.
Mickey Rooney, movie actor filed for bankruptcy in 1962.
Johnny Unitas, legendary Hall of Fame football quarterback filed for Chapter 11 bankruptcy in 1991.
Jerry Lee Lewis, famous Rock n’ Roll star, filed for bankruptcy in 1988.
Wayne Newton, Las Vegas entertainer, filed for Chapter 11 bankruptcy in 1992.
Kim Basinger, actress, filed for bankruptcy in 1993.
MC Hammer, musician and entertainer, filed for Chapter 11 bankruptcy in 1996.
Walt Disney, cartoon creator, filed for bankruptcy in 1920.
Larry King, talk show host, filed for bankruptcy in 1960 and then again in 1978.
Donald Trump, businessman, filed a Chapter 11 bankruptcy case three times.
Mike Tyson, professional fighter, filed a Chapter 11 case in August of 2003.
Stephen Andrew Baldwin, actor, filed for Chapter 11 on July 21, 2009.
Jose Conseco, baseball player, filed for Chapter 7 bankruptcy in 2008.
If debts are piling up don’t give up. If you’re having serious financial problems, call the Dunne Law Offices. For more information or to see if bankruptcy is an option for you, please contact one of our six offices for a free consultation.
To speak directly, one on one, with an experienced and knowledgeable Philadelphia Bankruptcy Lawyer, please contact the Dunne Law Offices at (215) 854-6342 or send an email with any questions to [email protected]. We offer a free initial consultation for all consumer bankruptcy matters.