Black Snake is a 1973 American film directed by Russ Meyer. It was Meyer's return to self-financed projects, following the end of his brief deal at 20th Century Fox. Meyer's only attempt at the Blaxploitation genre, it was filmed in Panavision and was shot on location in Barbados.

Based on that paragraph can we conclude that this sentence is true?
Russ Meyer went bankrupt due to self-financing the film Black Snake in 1973
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