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)
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (1906–1975)