In Cleveland, they called it “building hit by Mafia lightning”
“And then finally, when there’s nothing left, when you can’t borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match.”
ahahahaha I think that may have hit a few places back in FLint Michigan when I was growing up.
a Italian family of my acquaintance lost a dry cleaning shop to such circumstances in the early 60’s