Take a look at this article, and you may recognize some of the famous people who filed bankruptcy. The list includes, Abraham Lincoln, Thomas Jefferson (filed several times), Henry Ford, H.J. Heinz, Walt Disney, and Milton Hershey among others. As a Chicago bankruptcy attorney, I know bad things happen to good people.

Being in too much debt is nothing to be ashamed of, and if a former president did and later became president it isn't all that bad. Chapter 7 is a liquidation bankruptcy where a person wipes away credit cards, medical bills, payday loans, and other types of debt. Chapter 13 repays creditors over time and stops a foreclosure or repossession of a vehicle. To discuss bankruptcy with an experienced Chicago bankruptcy lawyer such as myself please call my office for a free consultation at 312-489-8182.

Marc Wagman
Attorney at law