Hua Kefang stayed there for a long time, and her face was already pale.
These more than 20,000 taels of silver were the last hope for his factory to resume production, but now the steward gave it to the creditor.
The agricultural machinery factory is hopeless.
At this time, he finally understood what it means to scatter trees and hozens.
Qu Ziqing, the manager of the agricultural machinery factory, stood up in panic and said, "Boss, what should we do now?"
Qu Ziqing understood that Hua Kefang would be besieged by various creditors in the future. The materials and machinery of the agricultural machinery factory would be sold at 40% or 30% off. However, the equipment and raw materials sold in this way were not enough to make up for Hua Kefang's losses.
Hua Kefang will become a complete non-payer of debts owed by Fang outside.
Hua Kefang may not be able to repay her debts in her lifetime.
His career in Fanjiazhuang was finished.
Hua Kefang looked at the broken porcelain pieces on the ground, looked at Qu Ziqing, and forced herself to calm down.
"Let me think, let me think."
Hua Kefang staggered back and sat on the chair.
His maid and Qu Ziqing stood anxiously in the hall, waiting for Hua Kefang's solution.
Hua Kefang's eyes wandered around his maid. After a long time, he sneered and said, "It's not that easy for Li Zhi to defeat me."
"The materials dealer and the small creditor combined to borrow 310,000 taels of silver in my own name, while the 370,000 taels borrowed from the bank were borrowed in the name of the agricultural machinery factory."
"Qu Ziqing, go back to the factory and reassure the small creditors that I, Hua Kefang, will definitely repay their debts to them. You will immediately organize manpower these days to pay off all the raw materials and machinery and equipment in the factory at a discount."
Creditors, stop giving money to those material dealers and small creditors, and let them move into the factory to move materials and machinery."
Qu Ziqing was stunned and said: "My boss, these equipment and raw materials were originally pledged to the bank."
Hua Kefang sneered and said: "Now that the agricultural machinery factory is about to go bankrupt, how can we take care of the bank's pledge rights? Dispose of these assets as quickly as possible and repay the debts to the creditors."
Qu Ziqing asked again: "What about the factory and the land?"
Hua Kefang said: "I don't care about the factory and the land. This thing is mortgaged to the bank and has a record in the city hall, so we can't trade it. Now we are in a hurry to sell it and we can't sell it for a lot of money, so just leave it to the bank."
Qu Ziqing pondered for a while and said: "Does the owner want Jin Chan to escape from his shell and bankrupt the agricultural machinery factory?"
Li Zhi implements a limited liability company system in one town and nine provinces. The debts of the company do not involve the individual business owner. If the company declares bankruptcy, debt recovery will only proceed until all properties are liquidated and will not continue to collect debts from the individual business owner.
Hua Kefang sneered and said: "If you keep the green hills, you won't have to worry about running out of firewood. Li Zhi wants to ruin my family, and I will bankrupt him even if I go bankrupt. My agricultural machinery factory was indeed destroyed by him.
But his bank will also be short of 300,000 taels of silver."
Hua Kefang laughed a few times as she spoke, and her face turned a little ferocious.
"Qiaoyun, don't be afraid. I still have a cement factory in Tongzhou. Although the cement factory is a bit small now, it has a bright future. With your man's ability, in a few years, the cement factory will be more prosperous than the agricultural machinery factory."
.This time when Li Zhi tried to punish me, I can’t tell who suffered more than the other?”
Hua Kefang's maid looked at Hua Kefang, with two red clouds on her face, and nodded vigorously.
####
Twelve incandescent light bulbs illuminated the Qinzheng Palace in Prince Qi's Mansion. Under the illumination of the electric lights, Li Zhi had a sneer on his face.
"Your Majesty, both Hou Dingping and Yan Yishan are relatively honest and can't stand the debt pressure from their debtors. They both declared bankruptcy today. Now the bank and the debtor have entered the liquidation process and have begun to auction the equipment of Hou's and Yan's factories.
Materials and factory land.”
"However, Your Majesty, this Hua Kefang is still evil. When he went bankrupt, he still wanted to cheat the Prince. He actually wanted to pay all the materials and machines to private creditors, so that all losses would be borne by Jinqi Bank."
Li Zhi smiled and said: "Hua Kefang only set up the processing plant in the afternoon. It has only been two hours. How did you know so quickly?"
Han Jinxin said: "Your Majesty, Hua Kefang sent someone to notify the creditor at 3:30 in the afternoon. At 4:30, the creditor Han Youliang reported all Hua Kefang's intentions to the City Hall Police Station."
He looked at a secret guard next to him, who immediately ran out. After a while, Han Youliang, a small steel trader, was brought into Li Zhi's Qinzheng Palace.
When Han Youliang saw Li Zhi's legs weakening, he knelt on the ground with a plop.
Li Zhi asked: "Are you Han Youliang?"
Han Youliang replied loudly: "The common man is Han Youliang. He has seen the king, and the king has a long life! The king's blessings and longevity are boundless!"
Li Zhi asked: "Hua Kefang gave you raw materials and machines to offset the debt. Why didn't you go get the things and instead sued Hua Kefang?"
Han Youliang said loudly: "Xiaomin knows that Hua Kefang's machines and materials have been pledged to the bank. If Xiaomin takes the bank's things, he will definitely be in trouble and cause lawsuits in the future. Your Majesty has given us Tianjin people a good life.
, how can a small citizen work with a profiteer like Hua Kefang to harm the king’s bank?”
"The common people have sued Hua Kefang. Your Majesty will definitely handle Hua Kefang's property properly and not let us creditors suffer."
Li Zhi and Han Jinxin looked at each other and said nothing.
This Han Youliang is a smart man and knows that at this time, whether in terms of public morality or private morality, he should stand on Li Zhi's side. As long as he stands on Li Zhi's side, Li Zhi will help him solve his debt sooner or later.
Hua Kefang was too smart, but underestimated Li Zhi's public sentiment in Fanjiazhuang.
After thinking for a while, Li Zhi said: "Han Youliang, you have done a good job. I will make the decision for you about your debts."
"Hua Kefang is always against me. When he went bankrupt, he still wanted to cheat me. I will never let him go!"
"He still has a cement factory in Tongzhou. He wanted Jin Chan to escape his shell and go to Tongzhou to become the director of Xiaoyao Factory, so I asked him to bring in the losses from this cement factory."
Han Youliang shouted on the ground: "Your Majesty is wise and mighty, how can little Hua Kefang be your opponent?"
Li Zhi thought for a while and said: "Let Cui Wending apply to the court immediately for asset preservation of Huashi Agricultural Machinery Factory."
The so-called asset preservation means that in order to prevent the debtor from selling off the mortgage and pledged property, the creditor with mortgage or pledge rights seizes and freezes the mortgaged property and pledged property. As long as the court takes this step, the court's bailiffs will station people at Huashi Farm.
In the factory of the machinery factory.
In this way, Hua Kefang would not be able to use things from the factory to pay her creditors.
Next is the liquidation auction.
Han Jinxin raised his hand and asked, "Your Majesty, how much should I sell this agricultural machinery factory for at the auction?"
Once the collateral is liquidated and auctioned by the bank, the auction price is completely controlled by the bank. The bank can send out invitations to call many buyers to buy and sell them at a high price. It can also make the auction deserted and let the sellers pay extremely low prices.
The price is auctioned off for the collateral.
The water here is very deep.
Li Zhi said expressionlessly: "Just sell 450,000 taels and pay off the bank's debt with 370,000 taels. The extra 80,000 taels will be used to pay off the debts of other creditors. In this way, Hua Kefang still has ten thousand taels."
The personal debt of 80,000 taels has not been repaid, so let him put in all his houses, mansions, and his cement factory in Tongzhou to compensate."
Han Jinxin smiled and said, "Your Majesty, Sheng Ming."
