Bankruptcy Scorecard true 0% 7 Checks mostly true 0% 5 Checks half true 0% 16 Checks mostly false 0% 5 Checks false 0% 8 Checks Pants on Fire 0% 4 Checks For more details, see the Principles of PolitiFact All Fact-checks for Bankruptcy Facebook posts stated on July 18, 2023 in a Facebook post: Video shows that “George Soros is going bankrupt.” July 20, 2023 Heidi Heitkamp stated on February 24, 2019 in a roundtable on ABC's "This Week": "We have record bankruptcies in farming country." By Louis Jacobson • February 26, 2019 José Oliva stated on January 30, 2019 in AP legislative day in Tallahassee: Health care is the "No. 1 reason for bankruptcy." By Amy Sherman • January 31, 2019 Florida Democratic Party stated on April 27, 2017 in a press release: Donald Trump’s "golf course on the island defaulted, like so many of his other failed business schemes. The failure left Puerto Rican taxpayers with a nearly $33 million bill." By Amy Sherman • May 4, 2017 Paul Ryan stated on November 10, 2016 in an interview: "Because of Obamacare, Medicare is going broke." December 23, 2016 Hillary Clinton stated on October 10, 2016 in a rally in Detroit: "Back in the Great Recession, when millions of jobs across America hung in the balance, Donald Trump said rescuing the auto industry didn’t really matter very much. He said, and I quote again, ‘Let it go.’ " By Lauren Carroll • October 18, 2016 Mark Warner stated on June 21, 2016 in a TV interview.: Says Donald Trump has "bankrupt four separate businesses." By Linda Qiu, Sean Gorman • July 11, 2016 Hillary Clinton stated on May 24, 2016 in an advertisement: "In 2006, Donald Trump was hoping for a real estate crash." By C. Eugene Emery Jr. • May 26, 2016 Hillary Clinton stated on May 22, 2016 in an interview on NBC's "Meet the Press": "The only two (Donald Trump tax returns) we have show that he hasn't paid a penny in taxes." By C. Eugene Emery Jr. • May 24, 2016 Jack Lew stated on May 3, 2016 in an interview with Bloomberg News: "Almost 100,000 people left Puerto Rico last year." By Marta Cerava • May 17, 2016 Center for Individual Freedom stated on April 13, 2016 in a TV ad: Says Paul Ryan backs a proposal that would be a "bailout" of Puerto Rico. May 6, 2016 John Oliver stated on April 24, 2016 in a broadcast of HBO's "Last Week Tonight": "We knew Strom Thurmond had proposed" the amendment that blocked Puerto Rico’s use of Chapter 9 bankruptcy protection. By Jon Greenberg • April 27, 2016 Steven Costantino stated on September 27, 2015 in a statement: "I did not play any role in bringing the company to RI as did others in government. I was tasked with handling the legislation affecting the company by my superiors." By Mark Reynolds • October 18, 2015 Allan Fung stated on September 29, 2014 in a TV commercial: In the 38 Studios deal, "Wall Street investors took a risk, and went bust." By C. Eugene Emery Jr. • October 12, 2014 Dawson Hodgson stated on May 27, 2014 in a radio commercial: Peter Kilmartin voted for the 38 Studios loan guarantee and his State House job was to "twist [legislator’s] arms to vote for deals like this." By C. Eugene Emery Jr. • May 30, 2014 Dan Patrick stated on April 28, 2014 in a mailer to voters: "PolitiFact Texas gave" a David Dewhurst TV ad "a ‘Pants-on-Fire’ rating as an outrageous lie." By W. Gardner Selby • May 1, 2014 David Dewhurst stated on April 16, 2014 in a video ad: Dan Patrick "got caught not paying his taxes" and "pocketed his employees’ payroll taxes." By W. Gardner Selby • April 28, 2014 David Dewhurst stated on April 16, 2014 in a video ad: Dan Patrick "changed his name from Danny Goeb to hide from" his "debts." By W. Gardner Selby • April 18, 2014 Sean Duffy stated on July 17, 2013 in an interview: The federal Consumer Financial Protection Bureau is "collecting financial information, monitoring financial information of millions of Americans" without their knowledge and "storing it for up to 10 years." July 29, 2013 Charlene Lima stated on June 26, 2013 in a speech on the floor of the Rhode Island House: Economic Development Commission Executive Director Keith Stokes "sent me a letter and he said the taxpayers will never be on the hook for these bonds" for 38 Studios. By C. Eugene Emery Jr. • July 10, 2013 Load More Latest Articles Can states file for bankruptcy? Should they? What you need to know By Louis Jacobson • April 24, 2020 Latest promises about Bankruptcy Barack Obama Allow bankruptcy judges to modify terms of a home mortgage House rejects “cramdown” amendment on bankruptcy modifications of home mortgages | January 7, 2010 Barack Obama Forbid companies in bankruptcy from giving executives bonuses No sign of action on promise about executive bonuses | January 25, 2011 Barack Obama Allow workers to claim more in unpaid wages and benefits in bankruptcy court No progress on promise regarding unpaid wages | January 25, 2011 Latest promises about Bankruptcy
Barack Obama Allow bankruptcy judges to modify terms of a home mortgage House rejects “cramdown” amendment on bankruptcy modifications of home mortgages | January 7, 2010
Barack Obama Forbid companies in bankruptcy from giving executives bonuses No sign of action on promise about executive bonuses | January 25, 2011
Barack Obama Allow workers to claim more in unpaid wages and benefits in bankruptcy court No progress on promise regarding unpaid wages | January 25, 2011
