Retail

What happens when a business goes bankrupt?

The federal Bankruptcy Code of 1978, the basis of modern bankruptcy law, reflects the Supreme Court's 1934 ruling that bankruptcy law was designed to offer a new opportunity in life' unhampered by debt.

Who founded The Cheesecake Factory?

Before opening The Cheesecake Factory restaurant in Beverly Hills, Calif., in 1978, David Overton dropped out of law school to pursue his dream of becoming a professional drummer, according to Restaurant News.