Famous and Successful People who Filed Bankruptcy

Here are some of famous and successful people who were able to get a fresh start and move on with their lives after filing bankruptcy:

Some successful politicians who filed bankruptcy:

Daniel Webster (United States Secretary of State, 1841)
George McGovern (United Sates Senator and one time Presidential candidate)

Some successful busisnessmen who filed bankruptcy:

P.T. Barnum (Founder of Barnum & Bailey Circus)
David Buick (Founder of Buick Motorcars)
Walt Disney (Creator of Disney World)
William Durant (Founder of General Motors)
James Folger (Founder of Folger's Coffee)
Henry Ford (Founder of Ford Motor Company)
William Fox (Founder of 20th Century Fox Film Corporation)
H.J. Heinz (Founder of the H.J. Heinz Ketchup Company)
Conrad Hilton (Founder of Hilton Hotels)
J.C. Penney (Founder of J.C. Penney retail stores)
Roy Raymond (Founder of Victoria's Secret)
John Ringling (Creator of Ringling Brothers' Circus)
Charles Schwab (Andrew Carnegie's associate and the founder of Bethlehem Steel)
Sam Walton (Founder of Wal-Mart)

Some successful celebrities who filed bankruptcy:

John Wayne
Morton Downey, Jr.
Larry King
Jackie Mason
Pat Paulson
"Wolfman Jack"
M/C Hammer
Wayne Newton
Kim Basinger
Jerry Lewis

Some successful athletes who filed bankruptcy:

Dorothy Hamill (Ice-skating star)
Johny Unitas (Pro football star)

Other people of interest who filed bankruptcy:

Susan Powter ('Stop The Insanity' Infomercial Star)
Richard Bach (Author of 'Jonathan Livingston Seagull' which sold 30 million copies)
L. Frank Baum (Author of 'The Wizard of Oz')
Alexander Bain (Inventor of the FAX machine)
George Washington Gale Ferris (Inventor of the Ferris Wheel)
Charles Goodyear (Inventor of useable rubber)
Johann Gutenberg (Inventor of the printing press).

All of these people, at one point in their lives, found themselves in financial trouble, filed bankruptcy, and then picked themselves up and became wildly successful.