The LA Times reports on an ad hoc bankruptcy proceeding in Israel:
First came the employees, shortchanged two months’ pay and laid off by the supermarket called God’s Blessing. They rifled through their shuttered workplace, helping themselves to crates full of groceries.
As word spread through the small town, the store’s jilted creditors joined in. They dismantled the light fixtures, ripped out wiring and absconded with the cash registers, even as television cameras rolled.
Within hours the parking lot was jammed with ordinary shoppers. They left car engines running and brought their children to help pick the shelves clean. Finally even the shelves were hauled away, leaving latecomers to scrounge the floor for leftover fruit.
This is not what you’d call an orderly liquidation. Is it a harbinger of things to come?
