Debt got you down so low that you can see no way up but bankruptcy? And yet you don’t want to file for bankruptcy because it will ruin your credit and reputation. That is, of course, if you can even qualify for bankruptcy after the Bush and his GOP Congress jiggered the game in favor of Big Business and against you? Well, there’s nothing you do about overcoming GOP greed, but don’t let the fear of bankruptcy affecting your reputation or your ability to thrive in its aftermath stop you. Filing for bankruptcy certainly didn’t manage to stop these people whose names you probably know from moving onward and upward.
Not only has filing for bankruptcy on multiple occasions not affected Donald Trump’s ability to spend money stupidly, but he is even still able to dupe really, really dumb TV news anchors into inviting him onto their show to discuss economic issues. Of course, it is important to understand that Donald Trump has never filed for personal bankruptcy, only corporate bankruptcy. A form of bankruptcy that, interestingly, Bush and the GOP Congress decided not to make harder when they were rewriting personal bankruptcy laws. Still, if you can file for bankruptcy because four times because you couldn’t figure out any other way to save your company and still be invited onto national television to offer advice on how to run a business, then why on earth would you even spend two minutes thinking that filing for personal bankruptcy yourself would adversely affect your own reputation?
The man who famously said (or maybe never said, who knows with these things) that there is a sucker born every minute sounds like someone you might not hold up as a hero until you learn he actually managed to find a bank sucker willing to take on a worthless piece of property as collateral for Barnum’s plan to buy a museum. I don’t know about you, but anyone who can make a sucker out of a bank is okay in my book. The museum burned down five different times and eventually Barnum lost all he had with a grand plan for building his own city. It was only after filing for bankruptcy that P.T. Barnum enjoyed his greatest success and became a household name.
Ever hear of the Laugh-O-Gram Corp. of Kansas City? It was Walt Disney’s first initial foray into the world of animation. The cartoons produced by Laugh-O-Gram were will artistically successful enough for the Kansas City kid to be doing a booming business New York. Well, business would have been booming if his New York distributors had actually been paying for the cartoons. The fact that they weren’t eventually led to Disney’s decision to file for bankruptcy and, ultimately, Walt’s decision to try his hand out in Hollywood. Imagine how different the world might be today if Laugh-O-Gram had been successful and Disney had remained in Kansas City.
Francis Ford Coppola
If the man who directed “The Godfather” to its firmly established place as one of the most critically and commercially successful films in Hollywood history and has five Academy Awards sitting on a shelf somewhere can file for bankruptcy and still manage to convince investors to back his desire to sell wine, then what are you worried about? That you won’t be able to find investors willing to back your dream of selling homemade ketchup? C’mon, don’t be a sap. Go ahead and save yourself from the predatory credit lenders who specifically targeted you for their government-approved loansharking rackets .
Have you ever been referred to as “America’s Sweetheart” at any point in your life? Dorothy Hamill was, back when she skated for love and country in the Olympics. Out of that high point in her skating career came the low point: buying the famed Ice Capades and watching it sink straight down through the frozen water. Filing for bankruptcy hardly turned Dorothy Hamill into Tonya Harding. Heck, Dorothy Hamill proves that you can file for bankruptcy and still wind up Dancing with the Stars. And as if that isn’t proof enough that bankruptcy is not the surest way to ruin your future, check this out: she managed to stick Rev. Pat Robertson with the Ice Capades.
Possibly an unfair example. Let’s face it: Trump, Disney, Coppola, Barnum and Hamill were no Lincoln. And you probably aren’t either. Still, it has to be inspiring to know that even filing for bankruptcy back when there was even less protection than was left after Bush and the GOP finished their whack job on the laws couldn’t stop Abe from becoming President. The point being that there is absolutely no reason to let concern over your future stop you from taking advantage of what legal help you have after the Bush League decimation to help you move on from the predatory hold that unfair credit laws have on you .