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NORCROSS, GA, March 28, 2013 /24-7PressRelease/ -- Although car mogul, David Buick, was a great inventor, his brilliance in automotive design did not correspond with his financial insight or managerial skills. The Nashville bankruptcy attorneys at Clark & Washington discuss his story.
In 1902, with $5,000 in his pocket, Buick created Buick Manufacturing Co. Three cars were developed, but that was not enough to make his business sustainable. He was forced to borrow money from a friend who instead of lending him the money introduced him to a firm that was going into car production. Buick teamed up with the company, which went on to become a car division of General Motors Corporation, one of the world's best automakers.
Buick eventually sold his interest in General Motors in 1921, which several years ago, would have been worth close to $100 million. After severing ties with General Motors, he faced bad investments in the oil and real estate industries. In 1929, he died with no money and little memory of the great company he started long before that.
Making Money Doesn't Guarantee You'll Always Have It
Each year, many celebrities, professional athletes and businessmen file for bankruptcy. It is hard to imagine how rich people can end up losing all their money. While even though some people may make a lot of money, they may also make unwise financial decisions or have high monthly expenses.
Picking Up the Pieces
Whenever you are faced with financial difficulties, such as medical debts, unemployment, foreclosures and huge unpaid credit card bills, you need a bankruptcy attorney who understands the legal process. Nashville bankruptcy lawyers from Clark & Washington have the experience needed to help you overcome your financial obstacles and get the debt relief you need.
Don't Be Scared to Take that Step
If you are afraid of filing for bankruptcy, consult a bankruptcy attorney in Nashville. These attorneys will calm your nerves, respond to your questions and be there for you throughout the whole process. They will go over the different possibilities available and help you to understand your options.
Filing for bankruptcy gives you the chance to start over again. A lot of people worry that bankruptcy is embarrassing and that everyone will find out, but unlike high-profile celebrities, your bankruptcy is not a public affair, and only the bankruptcy trustee assigned to your case will need to know what is happening.
If you are having difficulties and need the help of a Nashville bankruptcy attorney, get more information at http://www.bankruptcyattorneynashville.com.
About Clark & Washington:
Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
For more information, visit http://www.bankruptcyattorneynashville.com.
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