No. But I think you* are guilty of affirming the consequent. If something is false, then it will end in bankruptcy - but that does not logically imply that everything ending in bankruptcy was false. So something true could still end in bankruptcy (for whatever reason, like a liquidity crunch).

* Or Carlyle, I suppose, but given the choice between accusing a famous thinker of an elementary fallacy and a quick off-the-cuff Internet comment, I'd rather accuse the latter.