Complex sentence: In October 1979, Capricorn Records declared bankruptcy, and the band was signed by Arista Records in January 1980, to create three albums, and keyboardist Parrish left and was replaced by T Lavitz.
Split into simpler sentences: In October 1979, Capricorn Records declared bankruptcy, and the band was signed by Arista Records in January 1980, to create three albums. At that time, keyboardist Parrish left and was replaced by T Lavitz.