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The first Quiznos Subs restaurant. The first Quiznos restaurant was opened in 1981 in Denver, Colorado by founder Jimmy Lambatos and his partner, Todd Disner. Lambatos was an experienced chef, having worked as an executive chef for the Colorado Mine Co. Steakhouse and founded the Italian restaurant Footers in 1978.
Sub shop Quiznos announced Friday that it was filing for bankruptcy. Choked by more than half a billion dollars of debt, the chain is restructuring, cutting almost $400 million of owed money, and ...
Justin Sullivan/Getty Images March hasn't been a good month for the quick-service industry. Sbarro -- the pizza and pasta chain that's a staple in many malls -- filed for Chapter 11 bankruptcy ...
Spot-checking Quiznos' own map matches the reported values, so it appears to be correct and can be manually verified. I have no idea if web scraping is a high enough quality source to cite on Wikipedia, so I'm hesitant to edit the article. 2601:C2:4100:3468:E97C:9E31:D263:710F 20:14, 15 November 2021 (UTC)
The word bankruptcy is derived from Italian banca rotta, literally meaning ' broken bank '. The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. [1] [2]
Closure may be the result of a bankruptcy, where the organization lacks sufficient funds to continue operations, as a result of the proprietor of the business dying, as a result of a business being purchased by another organization (or a competitor) and shut down as superfluous, or because it is the non-surviving entity in a corporate merger.
Spirit Airlines stock plunged 59% on Wednesday as the budget airline explores a deal with creditors to restructure its debt amid a reported threat of bankruptcy after merger talks with Frontier ...
Although the term "bankrupt" may be used referring to a government, sovereign states do not go bankrupt. This is so because bankruptcy is governed by national law; there exists no entity to take over such a government and distribute assets to creditors. Governments can be insolvent in terms of not having money to pay obligations when they are due.