On this day in 1979 Tom Petty defied his record label and filed for bankruptcy. In doing so, Petty freed himself from being in debt to the label. After scoring a few hits in previous years, Tom Petty and the Heartbreakers should have been wealthy musicians, but because of their contract they had nothing to show for it. Petty found a loophole and filed for bankruptcy, therefore paving the way for his 1980's revival and a better record contract.
On this day in 1934 Bonnie and Clyde were killed by police while on the run in Louisiana. The nation had fallen in love with the story of the two young lovers with nothing better to do during the Great Depression. It was a crime spree right from the start. Bonnie Parker met Clyde Barrow while visiting her husband in jail. She soon smuggled a gun into Parker and that allowed him to escape. They then went on a crime spree for 18 months that involved murder, burglary, and kidnapping. It all came to an end when the police finally caught up to them and fired 167 bullets into their car.