' Get Inspiration to File Bankruptcy - Law Offices of Robert M. Geller

Get Inspiration from Famous Personalities Who Started Afresh after Bankruptcy

After the recent economic meltdown a large number of people suffered job loss and unemployment in the US. These debt-stricken consumers have defaulted on their payments and incurred overwhelming debt. If you are in a similar situation then you might be contemplating ” bankruptcy or debt settlement” to discharge your debts. But the stigma of bankruptcy is forcing you to think twice before filing the petition. However, you might be surprised to hear that many famous personalities in the US filed bankruptcy and managed to start afresh after it. You just might find inspiration in their stories.

Here are stories of some famous personalities in America who got a second chance after filing bankruptcy and got back on the right financial track:

1. Walt Disney:

Our first inspiration is Walt Disney. Walt Disney struggled to establish his business before he opened a giant theme park or introduced Mickey Mouse. In 1921, he started the Laugh-O-Gram Corporation by borrowing $15,000. But the investors backed out and Walt Disney incurred overwhelming debt. He declared bankruptcy in 1923. However, on 16 October 1923 in joint collaboration with his brother Roy, he started again with the Disney Brothers Cartoon Studio and then he created international history.

2. Sam Walton:

Sam Walton the founder of WalMart started his career with a renowned store Ben Franklin. But his business was undergoing a bad phase. The owner of the building took over the store after the expiry of the lease. Walton was financially crippled and incurred an insurmountable amount of debt. He had no other alternatives than filing for bankruptcy. He started afresh after he discharged his debts and set an example by creating not just the largest retail chain, but the largest company in the world.

3. Conrad Hilton:

Conrad Hilton was forced to file bankruptcy after the colossal financial collapse in the US. After the economic meltdown, he couldn’t pay back the owed amount and incurred an insurmountable amount of debt. He was completely penniless as the banks repossessed his hotels. He declared bankruptcy to discharge his debts and started afresh immediately after it. Hilton again regained control over his possession and expanded his business by building a chain of Hilton hotels.

4. Milton Hershey:

Last but not least, our final inspiration is Milton Hershey. Milton Hershey was considered to be the most famous man in the candy business. Initially, he established 4 different candy companies that all failed. He was bankrupt as he invested a fortune in the four companies. After the bankruptcy discharge, he started again and was successful in his fifth venture. Now Hershey’s Food Corporation has a turnover of almost $5 billion a year.

Therefore, you should draw inspiration from these famous personalities if you are still thinking about whether you should declare bankruptcy. Bankruptcy helps you give a fresh start and also liberates you from the clutches of debts.

Video Testimonials

Tampa Bankruptcy Law Blog

What Can You Write Off in Bankruptcy?

Many people filing for bankruptcy aren’t sure what debts can be discharged, or "written off," through bankruptcy. It’s important to...
Read More

How Often are Bankruptcies Denied?

Bankruptcy offers a lifeline for people drowning in debt. It provides a chance to start anew and regain financial stability....
Read More

How Much Debt Should I Have Before Considering Bankruptcy?

Dealing with overwhelming debt and financial hardship is difficult. The prospect of bankruptcy may offer a path toward relief, as...
Read More

How Long Does Chapter 7 Bankruptcy Take to Discharge?

Chapter 7 bankruptcy offers a fresh start and a path toward financial stability for people struggling with debt. But when...
Read More

Does Business Bankruptcy Affect Personal Credit?

Does Business Bankruptcy Affect Personal Credit? For entrepreneurs and business owners facing financial challenges, the prospect of business bankruptcy can...
Read More

Can I Get an Apartment After Filing for Bankruptcy?

Filing for bankruptcy often feels challenging and overwhelming. It also raises a variety of concerns. One of the most common...
Read More

Are SBA Loans Dischargeable in Bankruptcy?

Navigating the complexities of Small Business Administration (SBA) loans and bankruptcy can be a daunting task for many business owners....
Read More

How to Get Bankruptcy Off of Your Credit Report

Rebuilding financial health after bankruptcy is challenging, but that doesn’t mean filing is worth the effort. One common concern for...
Read More

What Happens When You File for Bankruptcy?

Contemplating bankruptcy is a significant decision that comes with many questions. If you're considering filing for bankruptcy, it's essential to...
Read More

Can I File for Bankruptcy If I Have a Job?

Many people considering bankruptcy are unemployed or know that unemployment is imminent. However, this isn’t always the case. In some...
Read More


For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More


We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation


Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions