Bankruptcy is not just for the rest of us. The widespread notion that bankruptcy afflicts mostly low-income families and thwarts all future dreams of prosperity is not exactly true. Many successful and even wealthy people have gone down this path and have emerged more successful on the other side.

Musicians
Willie Nelson
Tammy Wynette
George Jones
Tom Petty
Toni Braxton
Elton John
Meat Loaf
M C Hammer
Jerry Lee Lewis
Chaka Khan
Marvin Gaye

Actors and actresses
Kim Bassinger
Mickey Rooney
Burt Reynolds
Gary Coleman
Lynn Redgrave
Margot Kidman
Lorraine Bracco.

Politicians
Abraham Lincoln
Ulysses S. Grant
William McKinley
Levi Morton

Athletes
Mike Tyson
Leon Spinks
Joe Lewis
Johnny Unitas
Bjorn Borg

Authors
Mark Twain
Frank Baum
Oscar Wilde
Susan Powter
Kate O’Brien
Business Moguls
Donald Trump
Henry Ford
Walt Disney
Stan Lee
Milton Snavely Hershey
H.J. Heinz

So, you are in a good company. As you can see, even successful people will resort to bankruptcy to start fresh.