In last week\u2019s Behm Law Group, Ltd. blog, Donald Trump sparked a conversation in the Mankato, Minnesota area. We discussed which famous business owners recovered from bankruptcy before beginning successful careers. However, business folks are not the only ones who are susceptible to bankruptcy. Anyone, even the President of the United States, can be financially vulnerable.<\/p>\n
There are actually a number of former presidents that have filed for personal bankruptcy. Whether before, after, or during their presidencies, these leaders of the free world all struggled financially at one point in their lives.<\/p>\n
Here are a few names you may recognize from U.S. history class:<\/p>\n
Thomas Jefferson<\/strong><\/p>\n The third president truly believed in his own pursuit of happiness, especially when it came to alcohol. By today\u2019s monetary standards, Jefferson spent over $100,000 on wine alone! Fortunately, few people know that he spent his life struggling financially because Jefferson\u2019s roles as president and author of the Declaration of Independence overshadow his reputation for frivolous spending.<\/p>\n