When a business shuts down like that, it generally means they ran out of money to lose.
Reading between the lines on that glassdoor.com page, it seems like these guys have been broke for a long time, are probably way over-extended with every supplier they have, and their bank finally cut them off. Its hard on the employees to shut down like that, but (pure speculation here) my guess is there literally isn't any money to pay them with anyway.
Sad stuff.
The other group of people who often get burned in a situation like this are suppliers who did get paid any time in the last 90 days. The courts can go back and demand that those payments be returned so that the money can be distributed evenly over all suppliers. The idea is it prevents the owner from making sure his brother-in-law gets paid, at the expense of some other supplier. That happened to me a few years ago, and as a small business, it really sucks. You think everything is fine, and all of the sudden you get a notice from the court that that $3000 payment you received two months ago has to be returned, and you will probably (if you are lucky) only see 5% of it when its all said and done.
