Abraham Lincoln Bankruptcy
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Abraham Lincoln

The 16th President had a tough life before seeking the nation's highest office. Lincoln failed in business, love and politics before his career finally took off. In 1833, Lincoln and a business partner purchased a general store, which sold goods that the pair bought from other stores on credit. The plan didn't work out. The store was failing, so Lincoln sold his shares in the company. However, when his former partner died, the store's creditors came after Lincoln, who was forced to file bankruptcy.

 


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