True Stories, A Los Angeles Bankruptcy Lawyers Bedtime Tales.

To the average citizen, bankruptcy means a total loss of assets

, personal property, reputation, credit and general well being. Thankfully, any Los Angeles Bankruptcy Lawyer can tell you otherwise. Bankruptcy does not mean the end of life as many know it. In fact, for most, it is a second chance at a new life or a new business. The outcome of a bankruptcy can be quite positive. With the right lawyer and legal advice, a bankruptcy can be a more positive experience than you think.

Ask any Los Angeles Bankruptcy Lawyer about the financial history of Donald Trump. This business tycoon is known for his reality shows and extravagant buildings. He has in fact, also filed for Bankruptcy 4 separate occasions. Between 1991 and 2009, Donald Trump filed for Chapter 11 bankruptcy four different times in order to reorganize and restructure his companies. Each bankruptcy proved to be an overall success as this man is known mainly for his successful career and hardly for his financial mishaps. Larry King, the host of the infamous Larry King Live, filed for bankruptcy in 1978 with a personal dept of $352,000. In addition to his bankruptcy, Larry King was also arrested and charged with grand larceny. After his bankruptcy was completed, the Larry King Live show was eventually formed and became the longest running national show in history. It aired on CNN for 25 years making him a household name for generations. Although his bankruptcy was not filed in Los Angeles Bankruptcy Lawyer Firms anywhere can show you what a success Larry King became and how bankruptcy did not permanently tarnish his name.

The Laugh-O-Gram Studio in Kansas City was a huge success. The locals loved to come to this fantastic venue for entertainment. Walt Disneys vision for this studio was close to being realized. Unfortunately, operating and talent costs proved to be more than the studio income could cover. All too soon, facing an unmanageable debt, Walt Disney ended up filing for bankruptcy. During his struggle with the studio, Walt Disney found himself living in his office. He watched the mice eat crumbs out of his garbage can. One mouse in particular kept his attention. He was shy and much quieter than the rest. Walt Disney eventually trained this mouse to run around a black circle he would draw. Before leaving the studio for good, he released the mouse in the backyard of a good neighbourhood. This mouse inspired him to draw what we now know as Mickey Mouse. Walt Disney gathered what few belongings he had left, including an unfinished reel of Alices Wonderland, and moved to California. You do not need to ask a Los Angeles Bankruptcy Lawyer what became of this man. Walt Disney became an empire and a legend. His legacy changed the world. As for the shows that were shown at the Laugh-O-Gram? They turned out to be the very bedtime tales we still read to our children. Little Red Riding Hood and Cinderella were only two of these famous productions.

At DCDM Law Firm, we aim to provide the best service with the most experienced Los Angeles Bankruptcy Lawyer available at any firm. We understand how difficult a bankruptcy choice can be and we work with you every step of the way to make the journey smooth one. If you are stuck in a financial struggle that seems overwhelming give us a call, let us see what we can do for you.

by: Bruno Newman

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