Business Bankruptcy

Henry John Heinz Files Bankruptcy

Heinz was the infamous condiment manufacturer, and started his own company by selling sauerkraut and vinegar, pickles, and horseradish. His company was forced to file bankruptcy in 1875. Reasons for this were an unexpected bumper harvest which caused the company to be unable to meet payroll obligations. After starting a new company H.J. Heinz Company, specializing in tomato ketchup, he was able to make his mark!

Henry Ford Files Bankruptcy

Ford was a well known automobile manufacturer. What is not generally known though is that his first two car manufacturing ventures failed. The first company was ended up filing for bankruptcy, and the next failed due to disagreements with his business partner. However, his third attempt, Ford Motor Company, obviously was significantly more profitable.

Milton Snavely Hershey Files Bankruptcy

Hershey was the founder of Hershey's Chocolate. He started up a total of four companies that all failed before forming today's well known Hershey's Foods Corporation. He was able to do this with nothing but a 4th grade education.

Walt Disney Files Bankruptcy

Disney was an Oscar winning producer, and an animation/theme park mogul. His first company was called the Laugh-O-Gram Corp. In 1923, just two years after its forming, it failed and he filed bankruptcy. He later wen on to start the Walt Disney Company.

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