Bankruptcy and Famous People

You are not the first person to file for bankruptcy and will definitely not be the last. In recent years many famous actors/comedians/singers and other high profile people have filed for bankruptcy. Here is a list of some of the more recent filings for bankruptcy:

Los Angeles Dodgers: Los Angeles Baseball team has declared bankruptcy due to high spending for star players. (2011).

Young Buck (aka David Darnell Brown): American rapper, largely known for being in a New York based rap group G-unit. (2011).

Dick Smothers: American comedian, one half of the comedy team “The Smothers Brothers” (2010).

Derrick Coleman: American basketball player (2010).

Lauren Booth: British journalist and columnist (2010).

Donald Trump: Businessman/Entrepreneur (1991; 1992; 2004; 2009; see listing in corporation section).

Lenny Dykstra: American baseball player (2009).

David Adkins (“Sinbad”): Actor and comedian (2009).

Willie Aames: Actor (2008).

Michael Vick: American football player, played for the Atlanta Falcons. (2008).

Noreen Renier: Psychic (claimed); American author (2007).

Lorenzo Lamas: Actor (2004).

Bob Guccione: Publisher and founder of Penthouse magazine (2003).

Mike Tyson: Boxer (2003).

Sherman Hemsley: Actor (2002).

Stan Lee: Comic book industry pioneer; co-creator of “Spider Man,” “The Incredible Hulk,” “The X-Men,” (2001).

Bankruptcy isn’t just a recent trend either; famous stars and people throughout history have declared bankruptcy. You would have never of thought many of these famous stars and people would have declared bankruptcy because they ended up being very successful. Bankruptcy doesn’t sink you in a hole forever and allows many individuals or companies to start fresh allowing for future financial success and stability. Here is a list of history’s more famous stars, individuals and business’ who have declared bankruptcy:

Henry John Heinz: Heinz ketchup developer. (1875)

Henry Ford: Automobile developer. (1884)

Milton Snavely Hershey: Founder of Hershey chocolate. (1892)

Mark Twain: Famous Author, known for book ‘Adventures of Huckleberry Fin’. (1894)

Walt Disney: Founder of Disney. (1923)

William Fox: Co-founder of 20th Century Fox Film Corporation. (1936)

Mickey Rooney: Famous actor. (1962)

Randy Johnson: NFL Football Player. (1977)

Tom Petty: Famous singer and musician. (1979)

Cyndi Lauper: Rock star /singer musician. (1983)

Sylvia Browne: Professional “psychic”; best-selling American author. (1988)

Vinnie Vincent (Vincent John Cusano): Former member of the rock band Kiss. (1989)

Wayne Newton: Singer-actor-entertainer. (1992)

Merle Haggard: County music star. (1993)

LaToya Jackson: Famous singe. (1995)

J. Fife Symington: Governor of Arizona. (1995, while still in office)

Burt Reynolds: Oscar-nominated actor-director and an American author. (1995)

Dorothy Hamill: Ice Skater, and Olympic Gold Medalist. (1996)

M.C. Hammer: Famous rapper/ hip hop artists. (1996)

Anna Nicole Smith: Model-actress as well as part of being named “Playmate of the Year” in the 1993 editions of Playboy Magazine. (1996)

Debbie Reynolds: An American author and Oscar-nominated actress/singer. (1997)

Lynne Spears: Mother of pop music star Britney Spears. (1998)

Gary Coleman: Child actor star, and actor. (1999)

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