Conversation so far:
When did Woodes Rogers' financial difficulties begin?
When the ships dropped anchor in the River Thames on 14 October 1711, a legal battle ensued, with investors paying the East India Company £6,000 as settlement for their claim.
What is the Bahamas Proposal?
Woodes Rogers was able to forge an agreement for a company to manage the Bahamas, which were infested with pirates, in exchange for a share of the colony's profits.
When was the Bahamas Proposal made?
The proposal was made shortly after 1714.
Was the Bahamas Proposal accepted?
Yes.
Did Woodes Rogers ever resolve his financial difficulties?
While Woodes Rogers' work in the Bahamas was vital for securing, fortifying, and leading to greater economic prosperity, he was never able to get away from his financial problems.
Did Woodes Rogers take any other actions to fix his financial situation?
Poorly recognized by the government for his contributions, Woodes Rogers ended up in a debtor’s prison, with his old company dissolved. He even lost the governorship.

Question: Did he ever recover from bankruptcy?
Self-contained rewrite: Did Woodes Rogers ever recover from bankruptcy?