You have probably used Heinz Ketchup before, but what you may not know is that the creator once filed for bankruptcy. In fact, long before introducing ketchup, Henry John Heinz filed for bankruptcy in 1875. Henry John Heinz started his own company at the age of 25. Selling items like horseradish sauce and pickles, he [...]
Debbie Reynolds was an actress, singer, and businesswoman. Her career lasted close to 70 years. Did you know that she filed for bankruptcy? In fact, she used bankruptcy to help her out of a difficult financial situation following her divorce. Reynolds filed for bankruptcy in 1997 under Chapter 11 to save her hotel and casino, [...]
When you think of Henry Ford, you probably think about the Model T or the Ford Motor Company. What you may not know is that he found himself in financial trouble several times. In fact, he filed for bankruptcy twice. As a talented engineer, Ford decided to focus more on his inventions and created the [...]
Photo by Lucas Jork We want you to know that bankruptcy is not the end. In fact, it can be the beginning of your fresh start! Take Cyndi Lauper for example. Before she ever made it big, she was in a band named Blue Angel. The band fired their manager, which resulted in [...]
Image by skeeze from Pixabay When you hear the name Walt Disney, you probably think of the success of his theme parks and cartoons. What you may not realize is that Walt Disney also filed for bankruptcy. He started an animation company in 1920, Laugh-O-Gram Studios, to create animated cartoons. With a financial [...]
Most people hear the word bankruptcy and assume the worst. But, what most people don't realize that a bankruptcy can be a fresh start. In fact, did you know that President Lincoln filed for bankruptcy in 1833 before he became president? President Lincoln co-owned a general store with a friend. They purchased their store's inventory [...]
