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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
Facebook posts
stated on July 18, 2023 a Facebook post:
Video shows that “George Soros is going bankrupt.”
False
By Ciara O'Rourke • July 20, 2023
Heidi Heitkamp
Heidi Heitkamp
stated on February 24, 2019 a roundtable on ABC's "This Week":
"We have record bankruptcies in farming country."
Mostly False
By Louis Jacobson • February 26, 2019
José Oliva
José Oliva
stated on January 30, 2019 AP legislative day in Tallahassee:
Health care is the "No. 1 reason for bankruptcy."
Half-True
By Amy Sherman • January 31, 2019
Florida Democratic Party
Florida Democratic Party
stated on April 27, 2017 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."
Half-True
By Amy Sherman • May 4, 2017
Paul Ryan
Paul Ryan
stated on November 10, 2016 an interview:
"Because of Obamacare, Medicare is going broke."
Pants on Fire!
By Tom Kertscher • December 23, 2016
Hillary Clinton
Hillary Clinton
stated on October 10, 2016 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.’ "  
Pants on Fire!
By Lauren Carroll • October 18, 2016
Mark Warner
Mark Warner
stated on June 21, 2016 a TV interview.:
Says Donald Trump has "bankrupt four separate businesses."
Mostly True
By Linda Qiu, Sean Gorman • July 11, 2016
Hillary Clinton
Hillary Clinton
stated on May 24, 2016 an advertisement:
"In 2006, Donald Trump was hoping for a real estate crash."
Mostly True
By C. Eugene Emery Jr. • May 26, 2016
Hillary Clinton
Hillary Clinton
stated on May 22, 2016 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."
Mostly False
By C. Eugene Emery Jr. • May 24, 2016
Jack Lew
Jack Lew
stated on May 3, 2016 an interview with Bloomberg News:
"Almost 100,000 people left Puerto Rico last year."
Mostly True
By Marta Cerava • May 17, 2016
Center for Individual Freedom
Center for Individual Freedom
stated on April 13, 2016 a TV ad:
Says Paul Ryan backs a proposal that would be a "bailout" of Puerto Rico.  
Half-True
By Tom Kertscher • May 6, 2016
John Oliver
John Oliver
stated on April 24, 2016 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.
Mostly True
By Jon Greenberg • April 27, 2016
Steven Costantino
Steven Costantino
stated on September 27, 2015 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."  
False
By Mark Reynolds • October 18, 2015
Allan Fung
Allan Fung
stated on September 29, 2014 a TV commercial:
In the 38 Studios deal, "Wall Street investors took a risk, and went bust."
False
By C. Eugene Emery Jr. • October 12, 2014
Dawson Hodgson
Dawson Hodgson
stated on May 27, 2014 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."
Mostly False
By C. Eugene Emery Jr. • May 30, 2014
Dan Patrick
Dan Patrick
stated on April 28, 2014 a mailer to voters:
"PolitiFact Texas gave" a David Dewhurst TV ad "a ‘Pants-on-Fire’ rating as an outrageous lie."
Half-True
By W. Gardner Selby • May 1, 2014
David Dewhurst
David Dewhurst
stated on April 16, 2014 a video ad:
Dan Patrick "got caught not paying his taxes" and "pocketed his employees’ payroll taxes."
Half-True
By W. Gardner Selby • April 28, 2014
David Dewhurst
David Dewhurst
stated on April 16, 2014 a video ad:
Dan Patrick "changed his name from Danny Goeb to hide from" his "debts."
Pants on Fire!
By W. Gardner Selby • April 18, 2014
Sean Duffy
Sean Duffy
stated on July 17, 2013 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."  
Half-True
By Tom Kertscher • July 29, 2013
Charlene Lima
Charlene Lima
stated on June 26, 2013 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.
True
By C. Eugene Emery Jr. • July 10, 2013
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Latest promises about Bankruptcy

Barack Obama
Barack Obama
Allow workers to claim more in unpaid wages and benefits in bankruptcy court
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Barack Obama
Barack Obama
Forbid companies in bankruptcy from giving executives bonuses
No sign of action on promise about executive bonuses | January 25, 2011
Barack Obama
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
Latest promises about Bankruptcy