Título: Isaac Hayes
Seção: HBS (Hot Buttered Soul Records) and bankruptcy
Background: Isaac Hayes, Jr. was born in Covington, Tennessee, in Tipton County. He was the second child of Eula (nee Wade) and Isaac Hayes, Sr. After his mother died young and his father abandoned his family, Isaac, Jr., was raised by his maternal grandparents, Mr. and Mrs. Willie Wade, Sr. The child of a sharecropper family, he grew up working on farms in Shelby County, Tennessee, and in Tipton County.

Conteúdo: By 1974, Stax Records was having serious financial problems, stemming from problems with overextension and limited record sales and distribution. Hayes himself was deep in debt to Union Planters Bank, which administered loans for the Stax label and many of its other key employees. In September of that year, Hayes sued Stax for $5.3 million. As Stax was in deep debt and could not pay, the label made an arrangement with Hayes and Union Planters: Stax released Hayes from his recording and production contracts, and Union Planters would collect all of Hayes's income and apply it towards his debts. Hayes formed his own label, Hot Buttered Soul, which released its product through ABC Records.  His new album, 1975's Chocolate Chip, saw Hayes embrace the disco sound with the title track and lead single. "I Can't Turn Around" would prove a popular song as time went on. This would be Hayes's last album to chart in the top 40 for many years. Later in the year, the all-instrumental Disco Connection album fully embraced disco.  In 1976, the album cover of Juicy Fruit featured Hayes in a pool with naked women, and spawned the title track single and the classic "Storm Is Over". Later the same year the Groove-A-Thon album featured the singles "Rock Me Easy Baby" and the title track. However, while all these albums were regarded as solid efforts, Hayes was no longer selling large numbers. He and his wife were forced into bankruptcy in 1976, as they owed over $6 million. By the end of the bankr

user: What happened to Hayes

assistant: Stax Records was having serious financial problems, stemming from problems with overextension and limited record sales and distribution.

user: What happened to hayes at this time

assistant: Hayes himself was deep in debt to Union Planters Bank, which administered loans for the Stax label and many of its other key employees.

user: What did hayes do after this problem arose

assistant: In September of that year, Hayes sued Stax for $5.3 million.

user: What was the labels response

assistant: an arrangement with Hayes and Union Planters: Stax released Hayes from his recording and production contracts,

user: How did this help hayes

assistant: Union Planters would collect all of Hayes's income and apply it towards his debts. Hayes formed his own label,

user: What was his label called

assistant: Hot Buttered Soul, which released its product through ABC Records.

user: What did he do after this

assistant: His new album, 1975's Chocolate Chip, saw Hayes embrace the disco sound with the title track and lead single. "I Can't Turn Around

user: What was this album

assistant: This would be Hayes's last album to chart in the top 40 for many years. Later in the year, the all-instrumental Disco Connection album fully embraced disco.