As the economy continues to look grim, the word “bankruptcy” is on the tips of more and more tongues. While being unable to pay one’s creditors is never a good situation for a company or an individual, it may not be the financial kiss of death that you might think. A number of successful people have found themselves overextended and ended up filing for bankruptcy, only to successfully stick it out and find firmer financial footing again. Here are a few famous names who knew what it’s like to be strapped for cash.
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