On this day: January 27, 1981

Capricorn Records, a company based out of Macon Georgia filed for bankruptcy on January 27, 1981. The company was best known for signing southern rock acts including the Allman Brothers.

While the Allman's helped put Capricorn on the map, their untimely breakup after the death of two members also unfortunately helped lead to the downfall of Capricorn as well.

Former President Jimmy Carter, also from Macon was very supportive of the local record company, and was even interviewed in Macon for the BBC show The Old Grey Whistle Test before becoming president.

Other notable events for January 27:
-Joe Meek launches Triumph Records Jan. 27, 1960
-Chubby Checker had four top 10 albums on the chart on Jan. 27, 1962, this is the first time this has happened for a non MoR act
-Bruce Springsteen wins Grammy's for Best Male Vocalist and Best Album (Born in the USA) on Jan. 27, 1986
-Nick Mason of Pink Floyd is born Jan. 27, 1945