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It Happened to Me: The Record Label I Was Signed to Went Under

Lacey-Lee Brass of Lillix (right) says when Maverick folded, "I had no concept of living a 'normal’ life." (Image via raqoo.info)

Signing a deal with a record label is often thought of as not just a major step in an artist's career, but a signifier that all the hard work that's been put in has paid off. To put it another way, it's a heck of a high. That high, however, can be short lived if the label you sign to folds. No one ever wants to think about the proverbial walls crashing down, but it's a very real possibility. And when it happens, it can leave an artist in an extremely difficult place.