Here's a breakdown of why your statement is incorrect and the real history:
* Ub Iwerks and Walt Disney were collaborators, not partners. Iwerks was the chief animator for Disney's early cartoons, including Mickey Mouse, and played a vital role in developing the animation process. However, they worked as employees and contractors, not joint business owners.
* Disney's early businesses were primarily focused on animation. Walt Disney focused on establishing a successful animation studio, which eventually led to the creation of the Walt Disney Company we know today.
* Disney's early success was not due to bankruptcy. While the early days were certainly challenging, Disney's success was built upon the creation of popular characters, innovative animation techniques, and the establishment of a strong studio.
To summarize:
* There was no business called "Iwerks-Disney".
* Walt Disney and Ub Iwerks were collaborators, not business partners.
* Disney's early success was built upon hard work, innovation, and the creation of beloved characters.
It's important to rely on accurate information and sources when discussing historical events.