Has Walt Disney ever been bankrupt or close?

When Walt Disney came to California in 1923 with a cardboard suit case and a few bucks, he nevertheless came in the first class car. It says something about his dreams, confidence and self-esteem. read more

Disney even signed a deal with a New York company to distribute the films he was producing. That arrangement didn't work out so well, though, as the distributor cheated Disney's studio. Without the distributor's cash, Disney couldn't cover his overhead, and his studio went bankrupt in 1923. read more

Walt Disney only filed for bankruptcy once, although Walt Disney Productions (and its predecessor, Disney Brothers Cartoon Studio) came dangerously close several times. The Laugh-O-Gram Studio, founded by Disney in 1922, went bankrupt in 1923. read more