Dykstra clarified on his web site:
Although I am saddened and a bit embarrassed that I had no choice but to resort to this action, at least I am in good company. . . .
Two of our greatest presidents, Thomas Jefferson (filed several times) and Abraham Lincoln, were able to restructure their lives through bankruptcy and went on to do great things such as helping to establish the University of Virginia and abolishing slavery.
Ulysses S. Grant went bankrupt after leaving office when a partner in an investment-banking venture swindled him. (I can certainly identify with this one.)
William McKinley filed for protection while serving as Ohio’s governor in 1893. He was in debt to the tune of $130,000 (an insurmountable sum in those days!) before some friends eventually helped to bail him out. Three years later, he occupied a desk in the Oval Office.
Other prominent men who made the list and later went on to huge successes:
- Mark Twain
- Donald Trump (2 timer)
- Henry Ford
- William Crapo Durant (founder of GM)
- Walt Disney (up to bat several times)
- Burt Reynolds
- H.J. Heinz
- Milton Hershey
- P.T. Barnum
- Lenny K. Dykstra (coming soon!)
So if I'm reading this correctly, Lenny Dykstra will be President in 2012
Oh, also, some company named GM has emerged from bankruptcy protection and has already shown their commitment to new ideas by reforming as a reimagined entity called GM.