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Americans today are facing some of the most severe economic conditions in years. Credit card companies and debt settlement companies do their best to make you feel ashamed about filing Bankruptcy or to convince you that Bankruptcy will be a traumatic event. In fact, Bankruptcy (whether it be Chapter 7 or Chapter 13) is a way to get a financial fresh start by wiping out debt and keeping the important assets that you need to live a normal life.
This couldn't be further from the truth. First, Bankruptcy has been around for hundreds of years and has had a place in the legal fundamentals of almost all civilized communities. In fact, many believe that the origins of Bankruptcy stem from the Bible. In the book of Deuteronomy, Chapter 15, Verses 1-2, the concept of debt forgiveness every 7 years is explained. In the United States, Bankruptcy laws were originally enacted in 1800.
The concept of making people believe that Bankruptcy is shameful is perpetuated by credit card companies that want to discourage you from exercising your right to file Bankruptcy. They would prefer you continue making your minimum payments on your credit cards while they increase your interest rates and reduce your credit limits.
If this is isn't enough to put your mind at ease about Bankruptcy, the list below contains the names of famous American individuals and well known American companies that have all benefited from filing Bankruptcy. The list includes American Presidents and Politicians, actors, athletes and other well known individuals:
- Abraham Lincoln -16th President of the United States
- Kim Basinger - Oscar winning actress (1993)
- George Best -Manchester United soccer
- Bjorn Borg - Pro tennis player
- Lorraine Bracco - Oscar-nominated actress (1999)
- Toni Braxton - Pop star (1998)
- Miguel de Cervantes - Novelist; Don Quixote
- John Connally - Former Texas Governor, wounded in 1963 Kennedy assassination in Dallas
- Francis Ford Coppola-Oscar - winning film writer - director - producer (1999)
- Walt Disney - winning film producer, animation & theme park pioneer
- Mick Fleetwood - rock star, lead member of Fleetwood Mac (1984)
- Henry Ford - Automobile manufacturer
- William Fox - Co-Founder of 20th Century Fox Film Corporation (1936)
- Charles Goodyear -19th century American inventor, who discovered how to vulcanize rubber
- Ulysses S. Grant -18th US President; Civil War general, best-selling American Author, face is pictured on the US fifty dollar bill ( 1884 after leaving office)
- Tony Gwynn - Batted .394 in 1994 for the Padres
- Milton Snavely Hershey - founder of Hershey's chocolate
- Kent Hovind - Creation Science huckster
- Eli Jacobs - Former Baltimore Orioles owner
- Larry King - talk-show host, best selling American author (1978)
- Stan Lee - Comic book industry pioneer , co-creator "Spider Man," "The Incredible Hulk," "The X-Men" etc (2001)
- Jerry Lewis-comic
- George McGovern - U.S. Senator, Presidential Candidate 1972
- William McKinley - 25th US President 1897-1901
- Robert Morris - Politician who financed Revolutionary War
- Levi P. Morton - Vice President under Benjamin Harrison
- Willie Nelson - singer-songwriter-actor, American Author (1990)
- Wayne Newton - singer-actor - entertainer (1992)
- F. Donald Nixon - Richard Nixon's brother
- Mickey Rooney - Oscar nominated actor, American Author (1962)
- Harry Saltzman - film producer (James Bond movies) (1975)
- Lawrence Taylor - NFL hall of famer
- Donald Trump - billionaire entrepreneur
- Mark Twain - Huckleberry Finn author
- Johnny Unitas - legendary Hall of Fame football quarterback
In addition to the famous individuals, the follow US Companies have all filed for Bankruptcy:
- Delta Airlines
- General Motors
- Chrysler
- Northwest Airlines
- Continental Airlines
- Paramount Studios
- Texaco
- United Airlines
- Trump Hotels & Casino
Proudly providing bankruptcy services to these and other cities in Southern California
Orange County
