Our Bankrupt Presidents

Do you need to file bankruptcy to get out of debt San Diego and get a fresh start but are worried about what people may think or what they may say or whisper about you in social circles?  Bankruptcy is a positive solution and a fresh start can help you get back on the road to financial success.  People of all walks of life have declared they were bankruptcy and in need of a fresh start.  At least four of our U.S. Presidents, whose faces appear on our money, two of whose faces are also carved into Mount Rushmore, have declared that they were bankrupt.  When bankruptcy is financially the right thing to do for you and your family, don’t be afraid.

 

Thomas Jefferson was a national leader.  He drafted the Declaration of Independence.  He became the 3rd President of the United States.  Jefferson, like many San Diego residents and homeowners who acquire credit card debt and home equity lines of credit, acquired a wine bill that was over $10,000 (in 1809 dollars) and $100,000 in real estate debt for his luxurious estate Monticello.  Jefferson became overwhelmed with debt and had to declare that he was bankrupt.  Today, Jefferson is widely considered a genius and one of the most influential founding fathers.  His portrait is on the $2 bill and the Nickel, and his face is sculpted in a 60 foot sculpture on Mount Rushmore.  When Jefferson helped create our country, he had a vision of the positive benefits of bankruptcy.

 

Abraham Lincoln was instrumental in the struggle to end slavery in this country.  He ordered an end to slavery via the Emancipation Proclamation.  He became the 16th President of the United States.  Lincoln obtained business inventory on credit much like many San Diego business owners run their business.  Lincoln acquired too much business debt and had to declare that he was bankrupt.  Today, Lincoln is respected by all for his accomplishments. His birthday is national holiday.  His portrait is on the $5 bill and the Penny, and his face too is sculpted in a 60 foot sculpture on Mount Rushmore.

 

Ulysses S. Grant was a Commander in the Civil War.  Grant led the Union Army to defeat the Confederate militia.  Grant became the 18th President of the United States.  After his presidency, and after a 2 year world tour that depleted most of his savings, Grant bought a home in New York and, like many San Diego business owners, invested all he had into a business partnership.  Grant’s partner swindled Grant and the other investors and Grant was forced to declare that his business was bankrupt.  Today, Grant is highly respected as an important figure in U.S. History and his portrait is prominently displayed on the $50 bill.

 

William McKinley was a Major in the Civil War.  He became a lawyer.  He was then elected to the U.S. House of Representatives.  He then served as Governor of Ohio.  McKinley became the 25th President of the United States.  During his run to the top, while serving as Ohio’s Governor, McKinley’s debts had accumulated to $130,000 and he had to declare that he was bankrupt.  Today, Grant is a highly respected figure in U.S. History and his portrait is the face on the $500 bill, which is still good legal tender but is no longer in circulation.

 

So if you need to file bankruptcy in San Diego but you're worried about what people may think, just remember the Bankrupt U.S. Presidents.  Very smart and respectable people who notwithstanding their intelligence and great vision acquired too much debt and had to declare that they were bankrupt.  Presidents Jefferson, Lincoln, Grant and McKinley are still so highly respected that their faces continue to grace our U.S. Currency.

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