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Yes. Walt Disney did file for bankruptcy. He was born in 1901 and died in 1966. In 1921, he started the Laugh-O-Gram Corporation in Kansas City, Missouri in the United States with only $15,000 from investors. He was forced to file for bankruptcy two years later when his backers pulled out because of the many problems with New York distributors of his animated fairy tales. In July of 1923, Walt Disney left for Hollywood with all of the things that he owned in the world; which were a pair of pants, a coat, one white shirt, two sets of underwear, two pair of socks and some salvaged drawing materials. He went to Hollywood, California and started over. He ended up being one of the highest paid animators in history. Walt Disney died in 1966 a rich man. His characters and theme parks are known and loved all over the world today.
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answered 6 months ago
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