#OTD (Dec 05) in 1942, #Pittsburgh underworld boss Vincenzo #Capizzi and eight others are arrested by federal agents for conspiring to violate the National #Bankruptcy Act.

#MafiaHistory #Histodons @mafiahistory

#OTD (Dec 01) in 1930, #NewYork artichoke racketeer Joseph #Castaldo files for #bankruptcy protection against his creditors.

#MafiaHistory #Histodons @mafiahistory

Amazing statistics! You think maybe we're doing something wrong?

(Or at least prioritizing corporate profits over public health?)

#Medicare #insurance #bankruptcy #economics #publichealth

Jack's Donuts Midwest franchise empire collapses into Chapter 11 bankruptcy with $14 million debt affecting 70 franchisees and hundreds of employees across states.

#MidwestDonutChain #ChapterEleven #Bankruptcy #JacksDonuts

Italian restaurant chain and Olive Garden rival quietly closes majority of locations for good after bankruptcy filing

AN Olive Garden rival has quietly shuttered dozens of locations since filing for…
#dining #cooking #diet #food #Italiancafefood #bankruptcy #cafefood #Foodanddrink #Italia #Italian #italiano #italy #MoneyUS #Storeclosures
https://www.diningandcooking.com/2402911/italian-restaurant-chain-and-olive-garden-rival-quietly-closes-majority-of-locations-for-good-after-bankruptcy-filing/

"Falling below the line isn’t like cooling water; it’s like freezing it. It is a Phase Change.

When a family hits the barrier—eviction, bankruptcy, or default—they don’t just have “less money.” They become Economically Inert.

…

In physics, it takes massive “Latent Heat” to turn ice back into water. In economics, the energy required to reverse a #bankruptcy is exponentially higher than the energy required to pay a bill."

via @creachadair

https://phire.place/@creachadair/115606315505800153