Top 5 Benefits of Hiring an Arizona Bankruptcy Lawyer
If you have found yourself in financial difficulties and are considering filing for bankruptcy, you may be overwhelmed with feelings of despair or fear. The last thing you may want to do right now, or are able to do, is pay money for legal representation. While there are many reasons why you should hire an Arizona Bankruptcy lawyer, calming your fears and giving you hope is just the beginning. Check out the top 5 reasons you should obtain representation in a bankruptcy situation.
1. Bankruptcy Alternatives – An Arizona bankruptcy lawyer can help you determine if bankruptcy is actually the best option for you. Sometimes creditor negotiation is a viable solution.
2. Proper Chapter – If filing for bankruptcy is in your best interest, choosing the correct chapter is critical. Your Arizona bankruptcy lawyer will be able to determine which portion of the U. S. Bankruptcy Code will be used to govern your case. Chapters differ radically in terms of how the cases proceed and how the debtor must respond so you will need the counsel of an expert who understands your case and the law.
3. Documents – The documents that need to be completed, compiled, organized, and sent to court are extremely complex. It is critical that these are free from error because mistakes can be extremely costly. Consequences could include dismissal or even bankruptcy fraud. An Arizona bankruptcy lawyer will be able assist you in avoiding the paperwork pitfalls.
4. Case Hearings – An Arizona bankruptcy lawyer will represent you in any and all hearings pertaining to your case. Hearings allow your creditors to object to entries on case documents but your experienced Arizona bankruptcy lawyer can make sure that a creditor doesn’t have a negative impact on your case.
5. Save Assets – In some cases people who file for bankruptcy lose their home or vehicles. Working with an Arizona bankruptcy lawyer will allow you to make strategic decisions that may save those assets.
Hiring an Arizona bankruptcy lawyer may benefit you financially, emotionally, and even physically. Many Arizona bankruptcy lawyers will offer a free consultation and you deserve the peace of mind that legal representation can bring to your case.
What to Look for When Hiring a Bankruptcy Attorney
Most likely, if you are filing for bankruptcy you are in financial distress and the thought of paying for legal advice and representation puts you over the edge. However, the money spent on quality representation may save you much more in long run. If your situation is simple with no unusual issues, a basic bankruptcy attorney may be all you need and some can even file ‘pro se’, without an attorney. If problems do arise or the bankruptcy is complex, a low cost, quick fix lawyer will not be qualified. Consider these suggestions if you are in the need of a bankruptcy attorney…
- Look for a bankruptcy attorney that can give your case the attention it deserves. Stay away from ‘factory’ or ‘mill’ practices. The office should focus on quality rather than quantity. Your attorney must know your case inside out and be familiar with your assets and income.
- Interview several attorneys before deciding on one. Your first consultation should be free and you should speak directly to an attorney, not a paralegal or secretary. You will be working closely with this attorney for several months so it is imperative that you feel comfortable with him/her.
- Make sure the attorney handling your case is experienced in bankruptcy law. Bankruptcy law is complex so make sure your lawyer has filed and handled at least 50 bankruptcy cases from beginning to end.
- You want your bankruptcy attorney to be objective and honest. Is bankruptcy your best option? What is the likelihood your case will succeed? Be leery of any attorney that ‘guarantees’ the outcome of a case. Because bankruptcy law is so complex, there are too many variables for an honest attorney to guarantee success.
Don’t Wait Too Long – Consider Filling Bankruptcy
Like all of you, I woke up this morning to ‘American Airlines Files for Bankruptcy’ splashed all over the papers and news. I am sure this brought a huge wave of panic for those with flights booked on this air carrier but my first thought was what this means for the 130,000 workers and retirees. With our nation’s economy teetering, can we afford to lose 88,000 jobs?
Fortunately as I read on, I discovered that Chapter 11 allows a business to restructure their debts while getting their finances in order so they can remain in business. While American Airlines filed its bankruptcy petition in New York, Arizona bankruptcy law is very similar. Arizona Chapter 11 is primarily used by businesses because it can be expensive and complex, which makes it crucial to seek legal advice from an Arizona Bankruptcy Attorney. American Airlines has 120 days to propose a plan for repayment that is approved by its creditors. Chapter 11 is a lengthy process and can even take a few years.
With Chapter 11, companies are allowed to retain their assets so AA will be able to keep the $4.1 billion in cash it reported in its petition. There are also tax benefits that will help them aggressively manage their liabilities. American and the 88,000 employees plan to operate normally while in bankruptcy which includes an average of 3,000 daily flights.
One bankruptcy rule is ‘don’t wait too long.’ Be proactive when considering filing Chapter 11 in Arizona. Don’t wait until the course is irreversible and seek counsel from an Arizona Bankruptcy Attorney.
Chapter 7, 11, or 13: eenie, meenie, miney, mo?
Did you file for Chapter 7 Bankruptcy in Arizona in the last 8 years and are in financial distress again? Maybe your taxes and student loans were not discharged in your Chapter 7 and you still need help. Are you in substantial arrears on your home mortgage and can’t catch up before foreclosure? If you answered ‘yes’ to any of the above questions, there is help for you right here in Arizona.
With so many similarities between the bankruptcy chapters comes so many differences. It is extremely important to consult with a qualified Arizona bankruptcy attorney to understand what solution will fit your unique situation. Like Chapter 7, Chapter 13 provides an automatic stay of creditor claims so any foreclosures or harassing phone calls and letters will cease. The information required in both chapters is also similar and the same type of petition and schedules are used. In contrast, Chapter 13 requires an exact plan to pay your creditors while Chapter 7 liquidation is intended for reorganization.
If you are filing Chapter 13 for your business, you must be self-employed or a DBA not a corporation, partnership, or LLC. You may find, however, that a Chapter 13 plan is generally easier to get confirmed because creditors can’t vote on whether they want to accept your plan as in Chapter 11. You are restricted to only one repayment option in a Chapter 13 and that is to make monthly payments beginning 45 days after it is filed. Chapter 11 has no restrictions on a repayment plans as long as it is approved by the judge.
Chapter 7, 11, or 13: eenie, meenie, miney, mo? I don’t think so. Seek the counsel of Arizona bankruptcy lawyers to help you learn the ins and outs of bankruptcy and find a solution.
5 Ways to Save Money Over the Holidays
Save Money While Shopping this Holiday Season
If money is tight, then you may be looking for ways to save money over the holidays. There are quite a few tips that you can follow that will help you to save as much money as possible. During the holidays, spending is usually at its highest. Here are some things that you may want to consider:
Shop Smart for Gifts
You don’t have to purchase gifts that cost a fortune. In fact, most people will be happy with the fact that you simply thought of them at Christmas time. You can usually find some great deals if you check the sales papers. You can also look for deals at thrift stores, as this is a great way to save money on all sorts of gifts that you may be looking for.
Draw Names for Gift Giving
Another great idea when it comes to gifts for your family is name drawing. Many families, especially those that have a lot of people, will actually just draw names to get gifts. This ensures that everyone has a present to open up, but not everyone will have to spend a lot of money getting gifts for everyone. This may be great for your family.
Visit Family After the Holidays
Traveling during the prime time during the holidays is definitely much more expensive. Gas prices go up. The prices of airfare go up. Hotels cost more. The list goes on and on. If you really want to save some money, try visiting your family after the first of the year so that you can get away from the hustle and bustle of the Christmas crowd. If visiting after the holidays is just not feasible, then you may want to consider going a few weeks before.
Use an Artificial Tree
If you purchase an artificial tree, you will be able to use your tree year after year. If you buy a real tree, then you will usually have to purchase a new tree year after year. This can be quite expensive. Artificial trees are often just a pretty as real trees, especially if you look for one that is high quality. You can usually get one for less than $100, and it will last you quite some time if you take well care of it. Therefore, try to make an investment for artificial tree.
Try to Shop Ahead of Time if Possible
If you take the time to shop throughout the year, you will not spend as much during the peak holiday season. Look for ways to save on all of the toys that you purchase for kids as they go on sale. Shopping during Labor Day and Memorial Day sales is one of the best ways to get a steal of a deal!
As you can see, there are several ways to save money over the holidays. If you have been caught up in the debt trap and are ready for financial freedom, then you may need to learn better ways to save money and budget. Sometimes, bankruptcy may be the best option as well. If you consider this option, then contact the law offices of Bill King, P.C. by calling 602-840-0057 and set up an appointment for your free consultation. After all, sometimes bankruptcy is the best way to get a fresh start.
Related Articles:
- 5 Tips for Using Credit Cards Responsibly (71113Bankruptcy.com)
- 10 Good Ways Not to Drown in Debt (71113Bankruptcy.com)
Drowning in Debts Time to Pull the Plug – Chapter 7 Bankruptcy
“Knock, knock.”
“Who’s there?”
“Dwayne.”
“Dwayne who?”
“Dwayne the bathtub, I’m dwowning!”
Do you feel like your drowning in debt? It is no joke, is it? If you are like the thousands of Arizonians struggling to pay their debts, you just want to pull the plug. Filing for bankruptcy in Arizona is definitely an option and I wish it was as easy as pulling the plug. Chapter 7 can liquidate debt and give you a fresh clean start, but it is recommended to use an Arizona bankruptcy attorney to help you navigate these rough waters.
Any individual living in the US can file a Chapter 7 Bankruptcy and an Arizona bankruptcy lawyer can help weigh out the pros and cons for your particular situation.
Pros
- Complete and total liquidation of debt
- May be able to keep your home
- Issuance of ‘Automatic Stay Order’ stopping all lawsuits, garnishments, foreclosures, and harassing letters or calls
Cons
- Process can take 4-6 months and the bankruptcy will remain on credit report for 10 years
- Filing fees
- Child support, spousal support, student loans, and back taxes will not be discharged
If you are ready to pull the plug and get a clean slate, contact an Arizona bankruptcy attorney to get it right and avoid any unnecessary road blocks and fees.
The Truth About Student Loans and Bankruptcy
If you have been considering bankruptcy and you are unsure about how your student loans will be affected, then you may want to get in touch with Bill King P.C. He can help you determine your best course of action to help you get back on the right track financially. The good thing about bankruptcy is that it is not the end of the world. In fact, for many, it offers the ability to get a clean slate and start over anew.
Can Student Loans Be Discharged in a Bankruptcy?
This question is asked very often and the answer is not as simple as you may like for it to be. In many cases, bankruptcy cannot relieve you of your student loan payments. However, according to the Bankruptcy Code, if the student loans are causing undue hardship they may be able to be discharged. So, how do you determine if you are being caused an undue hardship due to your student loan payments?
First of all, you will need to file an undue hardship petition. When you are filing for bankruptcy in Arizona with the assistance of Bill King, he will be able to assist you in this process. The judge in the case will actually be the one to determine whether the student loans should, and will, be discharged with the bankruptcy.
Since there have been changes made to the bankruptcy laws over the past several years, it is a bit more difficult to file a Chapter 7 bankruptcy. The income will be considered, and if it is above a certain amount, they will need to file a Chapter 13 bankruptcy. This is where all of the debts are reorganized and a payment plan is put into place that will allow the borrower to pay the bills off over the next three to five years. This is usually the case when you are trying to discharge your student loans with the bankruptcy.
With that being said, it is safe to say that you probably will not get out of the responsibility of having to pay off your student loans, but you may be able to get some assistance in reducing the amount of your monthly payments and getting them paid off faster by filing it under a Chapter 13. While it would be great if you could get a guarantee that you would be able to file it with your bankruptcy, it is just not possible. However, when dealing with AZ bankruptcy lawyers like Bill King, you are able to get lots of great information that will help aid you in deciding what your best course of action is.
If you feel trapped in debt, then it is definitely worth looking into. Bankruptcy can really be a useful tool to help those that are stressed out with calls and letters from collection agencies. Talking to an attorney will not only give you all of the information that you need to get started in the process of filing for bankruptcy, but it will also help you to breathe a sigh of relief.
To learn more about how your student loans may be affected by bankruptcy, call the law offices of Bill King P.C. at 480.949.7121 and set up a consultation today. You may find that you are able to reduce the strain on your monthly budget and begin making your way toward being debt free.
5 Tips for Using Credit Cards Responsibly
If you are not careful, credit cards can really get you into a big financial mess. Too many times, people max out their credit cards without really considering the fact that they have to be paid back at some point. Many times, credit cards will have extremely high interest rates and this can start to be a big problem down the road. Therefore, it is a good idea to learn how to use them responsibly.
Having credit cards is not an issue at all, but if you are not careful with them, you can find yourself under a mountain of debt without having anything to show for it. Here are some tips that will help you to use them responsibly so that you don’t have to worry about burying yourself in debt. Follow these tips, and you will see that credit cards can actually be good for your credit.
Choose Cards with Low Interest Rates
The first thing that you want to do is look for a credit card that offers a low interest rate. The annual percentage rate, or APR, will vary from card to card. Make sure that you read the fine print before you sign up for a credit card so that you will be aware of the interest rate that will be charged to you. Also, remember that interest rates can raise if your payments are not made on time each month. Be aware of this so that you don’t get caught up in a card with high rates.
Make Your Payments on Time Each Month
Not only will making your payments on time each month help to keep your interest rates low, but it will also help you to avoid any outrageous late fees. Many times, credit card companies will charge you a late fee if you are even one day past due on the bill. Keep up with when your payments are due, and do your best to make them on time.
Don’t Max Your Cards Out
Maxing out your credit cards can not only negatively affect your credit rating, but it can also make it much more difficult to get it paid off. If you start maxing your cards out, then you may find yourself buried in credit card debt before you realize it. Therefore, you should really only use them when you need to, and if you have cash to pay for something then it may be in your best interest to not charge it.
Pay Your Balance off Each Month
Whenever possible, try to pay your balance off at the end of the month. This will not only help you to avoid finance charges, but it can also keep you from getting swallowed up in debt. While you may not be able to pay the entire amount off at the end of the month, it is a good idea to pay as much as you can on it.
Don’t Have More Than Two Major Credit Cards
Having more than two major credit cards can sometimes affect your credit rating. If you have more than two, you may also be tempted to spend more when you don’t need to. By having only two cards, you can help to minimize your risk of getting too far into debt.
If you find yourself buried in credit card debts, then you may want to consider bankruptcy. You can talk to Bill King P.C. to get information on filing bankruptcy. If you need help with getting back on the right track with your finances after getting into trouble with credit cards, then the attorneys of Bill King P.C. will be able to help!
How to Choose Between Chapter 7 and Chapter 13 Bankruptcy
If you are looking into filing bankruptcy, then you may wonder which type you should choose to file. Choosing between Chapter 7 and Chapter 13 can be difficult as they are both different. Here you will find some information that will help you decide which one is right for you.
Learning the Basics
Chapter 13 Bankruptcy is considered to be a reorganization which means that you will be given court approved payment plans for all of your debts that are from the last 3 to 5 years. Usually, debts that are older than that will simply be forgiven with a Chapter 13.
In regards to a Chapter 7, this is a liquidation option for people. What this all means is that bankruptcy lawyers like Bill King can help you get rid of all of your debts, which allows you to start over with a clean slate. This type of bankruptcy usually means that you must surrender tax exempt properties for all of your debt to be discharged. Most people who opt for this option don’t have any real property in their name and therefore, this does not really apply to them.
Both types of bankruptcy are extremely popular, so which one is right for you?
There are a number of reasons why people would want to choose one or the other. There are some people who do not have a choice and are forced to choose a certain bankruptcy option. For example, if you make enough money to pay a portion of your debts, then you will likely be required to do so. This is a case in which Chapter 13 is required. You will find that the Chapter 13 helps makes your payments easier on your wallet though.
For those looking into a Chapter 7 Bankruptcy, there are also a few things that you need to know. This type of bankruptcy will usually remain on your credit report for a period of 10 years. This may have a negative effect on your credit for a short time; however, most people see an improvement in credit score once discharge has been in effect for 1 year.
Another consideration is the fact that each type of bankruptcy may bring costly fees, and one is usually less than the other. This is a deciding factor for so many people nowadays as many do not have the extra money (which is why they are filing for bankruptcy in the first place). If you have a bankruptcy lawyer like Bill King, then you will have a much smoother experience and will also ensure that things are done the right way when you go to court.
With a Chapter 13 bankruptcy, most people find that they are able to keep their home and their car as long as they agree and follow the payment terms that they set in place. With a Chapter 7 bankruptcy, as long as you are current in your payments, you probably will not have to relinquish your home to the lender. In both Chapter 7 as well as a Chapter 13, a Reaffirmation of the debt is required.
One thing that you will find in both types of bankruptcy is that you may be able to get relief from creditors calling non-stop. They have to stop calling only once the bankruptcy is filed. The actual filing of the bankruptcy places the debtor under the protection of the bankruptcy law. Bill King is going to be able to help you every step of the way from start to finish. He is going to help you understand everything. So, knowing everyone has different needs, work with Bill King to choose the bankruptcy that best meets your particular situation.
Famous People Who Have Filed Bankruptcy
P.T. Barnum Filed Bankruptcy
Bankruptcy is an avenue that is offered to people who are trapped in debt. When you are dealing with debt, you may feel that you have very few options. Some people do not even want to consider bankruptcy because they feel that it will completely ruin their livelihood and their credit. Did you know that there are actually several famous people that have filed bankruptcy in the past? Yes, it is true. There are many people who are famous that you would never have considered as having financial problems in the past that have in fact filed bankruptcy.
Musicians that Have Dealt With Bankruptcy
First, take a look at a few of the famous musicians that have had to file bankruptcy.
Willie Nelson, one of the stars in country music, had a lot of financial difficulties in the late 1990’s. Even though he sold millions of records over the years, he still faced financial struggles. In fact, it lead to him ultimately filing for bankruptcy in order to get the debts settled once and for all.
MC Hammer, who was one of the most popular musicians in the 1990’s, also had to file bankruptcy in the mid 1990’s. This was a result of several debts including attorney fees and unpaid taxes. While he made a lot selling albums, it still did not mean that he didn’t have to worry about financial problems.
There are many other famous musicians that also have filed bankruptcy. Among these include Toni Braxton, Merle Haggard, Elton John, Marvin Gaye and Tammy Wynette.
Famous Businessmen that Have Dealt With Bankruptcy
Aside from musicians, there are also several businessmen that have filed bankruptcy.
One of the most well known businessmen who had to resort to bankruptcy is Walt Disney. He actually started a company back in the 1920’s. This company did well to start, but then it ended up going broke and he was unable to pay his employees or any of his debts. Then, he filed bankruptcy to protect himself. Years later, he was back in business and now Disney is one of the most well known companies in the world.
Donald Trump, believe it or not, also filed for bankruptcy! Aside from his reputation as a wealthy businessman, and his show the Apprentice, he has not always been free from financial burden. In fact, he has actually filed bankruptcy several times. These bankruptcies were a result of casinos that he owned that did not stay afloat. Luckily, he still has his television show and his real estate investments.
Another very famous businessman is Henry Ford. He filed for bankruptcy back in the early 1900’s because he was unable to keep his business going strong. Later, he was able to get back on track and now his company is one of the most successful companies- the Ford Motor Company.
There are even quite a few men of politics that have had to file for bankruptcy. These include several presidents and governors. Among these include Ulysses S. Grant, Thomas Jefferson, William McKinley and Abraham Lincoln.
As you can see, financial struggles happen to the best of us. With many famous people bouncing back after bankruptcy, you will see that you can as well! Bankruptcy is not necessarily the end of your life as you know it- in fact it is the beginning of regaining your financial freedom and being able to start fresh. Take these famous celebrities, businessmen and politicians for example and you will see that you can do just as they have and really use bankruptcy as a tool to help you get back on the right track.
Many Things that You Have Heard About Bankruptcy Are Wrong
Many myths about bankruptcy are wrong
This is simply not the case. In fact, many of the things that you have heard about bankruptcy may be completely false. It is really a good idea to do your own research when it comes to bankruptcy so that you will see how it will affect you in the long run. Instead of just listening to what everyone else has to say about it, you need to do your research and make your own judgments when it comes to filing bankruptcy.
Here are a few myths that people believe to be true when it comes to filing bankruptcy. You will find that many of the things that you have heard are untrue and quite the contrary, the truth is the exact opposite of what you have heard! Make sure that you learn everything that you can before deciding whether or not bankruptcy is right for you.
Myth # 1 – Everyone Will Find Out About the Bankruptcy and Think Differently of Me
The truth is that when you file bankruptcy, it is your own business. In fact, unless you are filing as a business it is not something that will be a publicly advertised. The only people that will be aware of your bankruptcy are yourself, your creditors, your attorney, the judge handling your case, and the close people in your life who you choose to tell. Therefore, filing bankruptcy does not mean that your reputation will be ruined.
Myth # 2 – I Will Lose All of My Assets
Some people are under the assumption that along with bankruptcy comes losing all of your assets. This is not the complete truth either. In fact, there are certain assets that you can protect. These include your home, your vehicle, your belongings, and even your retirement plan. You should not feel that you will have to start over with nothing if you file bankruptcy; that is not the case at all.
Myth # 3 – I Will Never Be Able to Get Approved for a Credit Card
This one is definitely not true! In fact, you will begin to get offers from credit card companies soon after the bankruptcy. You may be offered cards that have high interest rates, but you have to start somewhere. The best thing to do is accept a card offer and use it for small purchases each month. Then, you will pay the balance off at the end of the month to avoid running up a high debt again. This will help to rebuild your credit over time.
Myth # 4 – It Will Be Difficult to Purchase a Home or Car
Purchasing a home or car will take some time after bankruptcy, but it should not be ruled out. Generally, a couple of years after you file for bankruptcy, lenders will be willing to take the risk with you. Just as in the case of the credit cards, you may end up having to pay a bit higher interest than you would if you had great credit, but nevertheless, you will be able to get a loan for a home or auto purchase after bankruptcy.
As you can see, there are many myths about bankruptcy that are not true. If you look, you will find that many successful businessmen have filed bankruptcy a time or two in their life. A few years later, they actually came out on top! Instead of looking at bankruptcy like it is the end of the world, if it is the right decision for you, consider it as a fresh start or a new beginning!
10 Good Ways Not to Drown in Debt
Are you drowning in debt? Read more for tips to climb out.
Do you find yourself buried in debt? There are some great ways that you can reduce your overall debt and help rebuild your credit. Many people just need to sit down with a plan and put it into action in order to help them survive their debts. Here are the top 10 suggestions for those that feel trapped in debt.
#1 – Set a budget (and actually stick to it) – Sit down and look at your monthly bills and make sure that you put them in order of priority. You also need to look at your monthly income. Make sure that you are bringing in more than you are spending on expenses. If not, then you need to look for ways to reduce your expenses each month.
#2 – Cut back when you can – If you take a look at your expenses, you may find that there are small places that you can cut back. For instance, do you really need the top of the line cable package? What about all of those additional features on your mobile phone? Chances are, you have a lot of expenses that are just extras and you can cut them back in order to save some money each month.
#3 – Cancel your credit cards – If you are in debt, you will find that running the bills up is much easier than paying them off. If you call to cancel your cards, it will keep you from being tempted to run them up further. If you don’t want to go as far as canceling them, at least consider cutting up the cards so that you don’t have them on hand.
#4 – Make payment arrangements – Many debtors will have options available for those who are looking to pay off their bills. Talk to them about any arrangements that will help you save money. If you can possibly reduce the overall debt, then take them up on the opportunity.
#5 – Look for ways to save – Some people don’t consider this to be a great way to get out of debt, but if you can look for ways to save on certain things, like groceries for instance, then you will have money left over from your budget that can go toward bills that you are trying to get paid off. The best way to save is to look for coupons that you can use on certain items you buy regularly.
#6 – Plan your grocery trips – This should go without saying, but some people go blindly to the grocery store. Take a list to the store and stick with it to avoid putting the spontaneous items you want in the moment in your cart. Make sure that you plan out your meals for the week so that you will not be tempted to go out to eat. Eating out can eat up much more of your disposable income than you may realize.
#7 – Get a second job – While this may not be something that you want to hear, sometimes it is necessary to bring in an additional income. Some people take on a part time job, while others look for freelance work here and there to help them make extra money.
#8 – Pay extra when you can – If you receive money that is unexpected, then use it to pay down some of your debts.
#9 – Consider credit consolidation – Some people just cannot get a handle on their finances and credit consolidation can really be a huge help. They will get you back on track with your bills and help you become debt free.
#10 – Consider bankruptcy – Bankruptcy can be a great option for those that are trying to get out of debt. If you have found yourself completely buried in debt, to where you cannot see a way out, then you may be able to benefit from bankruptcy. It is definitely not the end of the world as many people believe!
If at First You Don’t Succeed
Walt Disney didn't succeed at first
When you are excited about starting up your own business, you have to understand that it is a struggle to get started. There are many famous companies out there that tried to start their own company, and then failed. If they had just simply given up, then the world would not be the same as it is today. Therefore, remember that if at first you don’t succeed, try, try again! It may be a cliché saying, but there is much more truth in it than you may believe at first.
Here are a few of the most famous companies that were not successful their first go around:
Henry Ford – Ford Motor Company
Today, Ford is known as one of the most popular automobile companies in the world. Did you know that at first, Mr. Ford was not as successful as he once hoped he would be? In fact, when he first started out his business went under and he was forced to declare bankruptcy. It was not until a few years later that he was able to get things back on the right track and found Ford Motor Company- which is still successful to this day.
Walt Disney – A Timeless Classic
When you think of Disney, you think of instant success, right? Wrong! Walt Disney actually had a bumpy ride when he first started out. He started out as a newspaper editor, and was fired because they said that he did not have a good imagination and that his ideas were not the best. He then decided to work for himself, and had a few businesses that failed. It was not until he realized that he was not going to give up that he created what is known as the Disney Corporation, which is one of the most successful businesses of all time.
Thomas Edison – Inventor of the Light Bulb
You certainly have many light bulbs in your home, but do you know how many times Thomas Edison failed at his invention before he got it right? It has been noted that he had over a thousand unsuccessful attempts before he actually created a design that worked correctly. To make it even more difficult on him, he had been discouraged by several employers because his productivity was not up to their standards. Had he given up, the light bulb may have taken many more years to come around.
J.K. Rowling – Author of Harry Potter Series
Harry Potter is one of the most popular book series in the entire world. While it may seem that Rowling has been a successful writer for a long time- that is not the case. In fact, when she was first getting started, she was a single mother who depended on welfare assistance to help her get through each day. Within about five years, she went from having nothing, to being one of the most well known writers in the world.
These famous people should definitely give you the inspiration that you need to get started on your business. If you have great ideas, and you want to put them into motion and start up a great business, then you should not be discouraged. If you have not gotten the acceptance that you need just yet, that does not mean that you should just let your ideas go down the drain. Instead, make sure that you keep pushing forward. Just as many others have found, success is not always instant. Never give up on a dream, as it is never too late to make it a reality.
If at first you don’t succeed, try, try again!
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