Updated to include Sen. Patrick response.

Lt. Gov. David Dewhurst is out with a new television attack ad today. The new 30-second spot is highly critical of Sen. Dan Patrick’s financial history. Patrick filed for personal bankruptcy in the 1980s, when fallout from the oil bust forced him close a chain of sports bars he co-owned. Many have been critical of the fact that he never paid back more than $800,000 in debts.

Patrick has defended his bankruptcy, saying he never tried to hide his troubled financial past. Patrick has used his history as an example of how Texans can overcome hardship, and attributes his success as a businessman to lessons learned from his past failures. “I learned from that. It made me the fiscal conservative that I am because I am 63 today, I was 35 then,” he said in an online interview. 

You can watch the full Dewhurst ad here:

UPDATE:

Patrick was quick to respond to Dewhurst’s attack, calling the negative ad a “string of lies, half truths, and a rehash of events from 30 years ago.” Below is a statement from Patrick campaign strategist Allen Blakemore.

“Six weeks before the Runoff Election and during Holy Week, David Dewhurst takes his campaign straight to the gutter.  Over the next seven days, he is spending over $1,000,000 polluting the airwaves, spewing raw sewage, and personally attacking Dan Patrick.  Mr. Dewhurst’s ad offers no excuse for his own record of failure to secure the border, failure to address property taxes that are driving people from their homes, and a failure to deliver a fiscally responsible budget.

Mr. Dewhurst’s negative campaign of personal attacks will fail.  The voters know David Dewhurst and his record, and over 70% have already rejected his message and are looking for an authentic conservative like Dan Patrick to lead as our next Lieutenant Governor.”