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When will you reach your next Turning Pointe?

3 Who Bounced Back from Bankruptcy to Millionaires

highlow.gifby Keith Klein and Erica Sandberg

 

Bouncing back after a bankruptcy may not be easy but it can be done. The most prosperous of the rebounders analyze their past shortcomings, chart a better route, then march full force into the future.

In 2013, more than 750,000 households legally escaped their financial obligations by filing Chapter 7 bankruptcy. The sense of relief that comes with unloading debt obligations is often tempered by feelings of failure. It doesn't have to be the end of the line, though. For some, discharging debt was not the final destination, but a launching pad to a greater and more secure economic future.

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