She's Back! Betsey Johnson To Launch New Line After Going Bankrupt! (PHOTOS)

There should be a universal rule that states any 40-plus-year-old woman who can drop a split in the middle of her runway show deserves a second chance at designing, even after going bankrupt.

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After a short hiatus from the fashion world following a bankruptcy claim, Betsey Johnson is back at designing. The vibrant designer is starting her bedazzler back up and teaming up with The Levy Group to produce a line of dresses. 

The line is expected to be chock-full of "solid and printed sexy, flowing dresses," and will retail between $99 and $249 at higher-end department stores. 

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Betsey fans are in for a treat when the new line hits stores this spring. 

You go ahead Betsey, if Charlie Sheen can get a second shot at fame, then we are all for our girl Betsey to get back to making fun party dresses.