Chapter 9.1 - Part 1 What is Bankruptcy? (1/2)

Chapter 9: Part 1 What is Bankruptcy?

The hospital was packed with people outside the ward.

There were senior members of the Luo Group, some relatives of the Luo family, and Mr. Luo’s brother’s family.

Yinyin stood on the bench outside the ward, with her little hand on the window of the ward. Unfortunately, the window was covered so tightly with curtains and she could not see anything.

Her eyes were red, and there were two big droplets of tears in them. “Grandpa will be OK, right dad?”

Luo Sheng was sitting in the chair next to her, with his head down, lost in his own thoughts. One would wonder what he was thinking.

He hummed in response to her question.

Mrs. Luo heard that her husband was in a car accident, and had lost consciousness. Hearing this news, she passed out. Now she was lying on the bed. The doctor said that she had a slight high blood pressure.

Mr. Luo, the chairman of the board of directors, had a car accident just after two major groups of Luo and Bai had negotiated the cooperation of two projects.

No one believed that it was an accident.

The contract hadn’t been signed yet. Not only did the owner of Luo group had a car accident, but a business district project in the east of Luo family city suddenly had an accident. Two people were killed and one was injured, making headlines, and the project was temporarily stopped.

This was a big project worth 10 billion yuan. When the project was invited for bidding, all the enterprises in city A were rushing to do it, and finally the old enterprise Luo got it.

Now, with the death of the people, the government stopped under the influence of public opinion. The project was reassessed as a high-risk level by the bank. The bank reduced the loan term and asked Luo group to repay as soon as possible.

If it was an ordinary times, the bank wouldn’t give luo group so little time. After all, as a leading enterprise in city A they won’t be liveing on one project alone.’ You stopped my loan today. Who will cooperate with you next time?’

However, just like the case with Bai family, there were projects before suspension, and banks were after debt collection, just like It’s like someone had deliberately instigated it.

The little girl didn’t understand anything. With a frown she was looking at the window of the hospital bed without blinking. She wanted to have X-ray vision, so that she could see how Daddy’s father and her grandfather was doing.

That big uncle, now Grandpa, was very kind to her. When she squatted at Luo’s door for the first time and waited for her father, grandpa didn’t drive her away either. He also took her home and let her see her father.

She also secretly heard that grandpa told her father not to be cruel to her and to be nice to her.

The more the little dumpling thought about it, the more sad she was. Tears flowed from her eyes.

Luo Sheng frowned and nobody knew what he was thinking. The little dumpling didn’t dare to make a noise for fear of disturbing his father. Uncle system said that her family would go bankrupt and his father’s family might go bankrupt as well.

What does bankruptcy mean? The little dumpling didn’t know much, but she asked. After bankruptcy, there is no money in the family, no money for clothes, no money for candy, even no big house.

Before crossing into a new world, Yinyin had a hard time. She knew what it was like to be barefoot in winter without shoes.