By the time Tom Petty & The Heartbreakers set out to record their third album, Damn The Torpedoes, they were in a legal mess with MCA Records over a contract sale which resulted in Petty losing all of his publishing rights, among other issues. In a drastic strategy to get the label off his back, he filed for bankruptcy and hid the master tapes of the material he, the band, and co-producer Jimmy Iovine were working on every day. That strategy worked, which resulted in a rare triumph for artists in the music business. When Damn The Torpedoes was released, it became their breakthrough, led by “Refugee,” a song Petty crafted the lyrics for in about 10 minutes. Dig in to the incredible story in this episode of the Behind The Song podcast.

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