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Broken Trust

utlittlethumb.jpgIt look like the owners of Union Trust are being forced to liquidate the $12 million steak house that opened to great fanfare in 2009. Owner Joe Grasso has been in Chapter 11 bankruptcy court since early 2011, but now the government is ordering UT to pay off the debts that are piling up by the hour. The employees haven't been paid in weeks, and it appears as though Grasso is also declaring personal bankruptcy. [Foobooz]

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