Bankruptcy
On June 12, 2011, 31 under-performing company-owned restaurants closed. The closures came that afternoon, and there were reports of it being mid-meal for some customers. Apparently, a corporate worker came down and they simply got ready to close the doors. The next day, the parent company announced that they have filed for Chapter 11 bankruptcy, citing a weak economic climate. Comments left on the company’s Facebook page were very critical of the sudden shutterings. A few days later the firm decided to close 13 locations, leaving 74 operating, mostly in California.
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Famous quotes containing the word bankruptcy:
“Disappointment is a sort of bankruptcy—the bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (1902–1983)
“A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.”
—Washington Irving (1783–1859)
“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
—Henry David Thoreau (1817–1862)