Example 1:
Hey, Marty! What are you doing for your birthday?

I think I am going to have a party at Fabulous 5.

Wait! They went out of business!

What?! Are you sure? They closed down?!

Yeah. Apparently there were leaks in the restrooms, holes in
the walls, the chairs and tables were old and starting to break, and on top of
all that, they owed a lot of money to the government. They had no choice!

Oh, man! Yeah, I guess it’s 
true! The place was in pretty bad shape, but they had the nicest people
working there and the DJs were always awesome! It’s hard to believe they would go down in flames like that!

I know! I’ll miss their cocktails… They were pretty good and
they only cost $3.00!

Well, maybe that’s why they were not making enough money… I
will never forget Fabulous 5!

Example 2:

Hey Susan,

Jonathan is my brother-in-law. He is an experienced banker
and is currently looking for a job. His career went down in flames after his company accused him of stealing from
them… I don’t believe that actually happened and now he can’t get a job
anywhere. Do you think you could interview him if you need someone?

Sincerely,
Cibelle

Meaning of “to go
down in flames”: To be ruined, to fail, to end completely or suddenly.
https://languagesystems.edu/