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Donald Trump & Other Famous Bankruptcy Filers

Donald Trump & Other Famous Bankruptcy Filers

Before he became known for uttering the phrase "You're fired," Donald Trump was probably best known for being the country's most famous serial bankruptcy filer. Ironically, billionaire Trump apparently has problems keeping his companies' spending under control.

Serial Bankruptcy Filings

According to a 2011 article Trump's companies have filed for corporate bankruptcy at least four times. To his credit, The Donald has never filed for personal bankruptcy.

Anita Bryant, on the other hand, has some experience with both corporate and personal bankruptcy. The Miss America contestant turned singer and her husband filed for Chapter 11 bankruptcy in 1997. Four years later, Bryant's theater ("Anita Bryant's Music Mansion") filed for corporate bankruptcy.

Celebrities & Personal Bankruptcy

Take a stroll through your average pro sports locker room, Hollywood award show or Los Angeles cemetery and you'll probably encounter more than one celeb who's filed for bankruptcy in the past. Among some of the more notable bankruptcy filers:

  • Singer Michael Jackson, who filed for bankruptcy in 2007 after being unable to pay off a $25 million loan on his Neverland Ranch
  • Actress and model Anna Nicole Smith, who filed for bankruptcy in 1996 and whose intertwined bankruptcy case and inheritance dispute ultimately went to the U.S. Supreme Court
  • Singer M.C. Hammer, whose lavish lifestyle (including a paid staff of 200 and an entourage of 40…and a lot of ugly pants) led him to file for Chapter 11 bankruptcy in 1996
  • Baseball player Lenny Dykstra, who was sentenced to 2.5 years in prison in 2012 after committing fraud in connection with a 2009 bankruptcy filing
  • Singer Willie Nelson, who released an album called "The IRS Tapes: Who’ll Buy My Memories," a year after declaring bankruptcy and revealing that he owed the Internal Revenue Service $16.7 million in unpaid back taxes
  • Visit LawyerLocator to learn more about consumer bankruptcy or to find a bankruptcy attorney in your area.