Luck, both good and bad, plays a part in every life--though people tend to imagine that the good luck is a consequence of personal merit, while the bad luck springs from some malevolent outside source.
Even if you haven't tripped any covenants, you could still be out of luck if your business is backed by personal assets--such as a home in Florida that's now worth a lot less, thanks to the housing slump.
People know that vast personal incomes come not only through the effort or ability or luck of those who receive them, but also because of the opportunities for advantage which government itself contributes.