Betsey Johnson Is Bankrupt

Betsey Johnson has filed for Chapter 11 bankruptcy protection. Johnson's company was given a temporary reprieve from bankruptcy in 2010 by Steve Madden, the shoe maker and convicted felon, after it defaulted on a nearly $50 million loan. Madden's company paid the debt, taking as collateral all of Betsey Johnson's… » 4/27/12 12:45pm 4/27/12 12:45pm