Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Even Celebrities Are Starting Over with Bankruptcy

It goes without saying that is shouldn't be a shock that there are some famous names in the news; the shock is that they are being associated with bankruptcy. Actor Stephen Baldwin, baseball star Lenny Dykstra, and actress Kim Basinger have all filed for bankruptcy protection recently. The consequences of overspending and not using a budget apply to everyone. Bankruptcy is a system built into the law to help people get control of their finances and it doesn’t exclude athletes and actors.

It has included Cyndi Lauper, who filed for bankruptcy after her first attempt to get into the music business. It has also included Donald Trump, who filed for bankruptcy after a failed casino venture. It even included famous fighter Mike Tyson, who filed for bankruptcy after he could no longer handle his mounting bills.

At the end of the day, all of these people are similar. They recognized a situation they could no longer handle and took responsibility for it. Now, our TV screens are filled with stories about their successes. They allowed themselves to move on with their lives and you can too.