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Betsey Johnson Celebrates Chapter 11 With Cupcakes & Bubbly

| Filed under: Legal MattersParty Poppin'Business BlitzBetsey Johnson

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Most people don't go around celebrating filing for Chapter 11 bankruptcy, but when you're Betsey Johnson it does!

Shortly after news broke on Thursday, the entire Betsey Johnson design team celebrated getting their pink slips with newly resigned CEO Jon Friedman at a company-wide meeting that quickly turned into a party.

The bankruptcy bash was held in the showroom where the now ex-employees feasted on cupcakes and champagne.

If you're going to go out with a bang it might as well be on the few dimes Betsey has left, right?

[Image via Jeff Grossman/WENN.]

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