Before Asking to Run the State Budget,

Ty Masterson Filed for Bankruptcy

Ty Masterson wants Kansans to trust him with a multi-billion-dollar state budget. His own financial track record tells a different story.

Ty Masterson built a business, Masterbuilt Homes in the construction industry. When that business failed Masterson blamed an ‘unnamed employee’ for mismanagement. Whether that ‘employee’ was himself, his wife, one of his children or someone else has not been disclosed. In the fallout, Masterson filed for personal and business Chapter 7 bankruptcy, a matter of public record.

Public reporting on the filing cites debts including roughly $209,000 owed to Corner Bank, $53,890 owed to Emprise Bank, and more than $160,000 in credit card debt — money owed to lenders and, by extension, to the contractors, vendors, and workers whose livelihoods depended on that business staying solvent. Like Trump, Masterson stiffed small businesses and contractors and left them holding the bag for his bad business decisions.

Why it matters now

Running a state budget is not the same as running a small business, but financial judgment is financial judgment. Kansas is already grappling with a legislature under Masterson's leadership that has spent hundreds of millions more than it collects. Before Kansans hand him the state's checkbook, they deserve to know what happened the last time he held his own.

Butler County Kansas public bankruptcy filing records docket numbers 2007-CV-000131, 2008-CV-000039, 2009-CV-000609 - Masterbuilt Homes Chapter 7 filing, circa 2010–2011.

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