Celebrities Who Couldn’t Repay Their Mortgage Debts

15: Henry Ford

Source: Business Insider

He was dubbed as one of the most creative entrepreneurs of the 19th and 20th Century but Henry Ford was no stranger to debt and Failures. Ford started his career with humble beginnings as an engineer and gradually moved up the ranks pretty quickly.Merely eight years after starting his first job, he found his own company which was loaned by several investors.

Much to his dismay, the poor sales didn’t impress his lenders much and Ford had to leave the company and file for bankruptcy. However, the failure didn’t deter him much and he pressed the reset button and founded Ford Company a year later which went on to change the face of the automobile industry.