Famous people who file bankruptcy

Many people assume that bankruptcy is only for poor people. They equate bankruptcy with poverty when that is simply not the case at all. Many people who file bankruptcy have incomes well above the poverty line. They can pay for their basic needs; however, they have accumulated more debt than their income allows them to pay. Furthermore, many people who file for bankruptcy relief do so because of a failed business.

To read about three famous people who filed for bankruptcy before they became successful read, “3 Famous People Who Survived Bankruptcy.

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