Shadow Empire

Chapter 855: Failure in Treating Procrastination
The first federal bankruptcy law was passed around 980, but it was soon discontinued.

Because people believe that this bill is too biased towards debtors, as long as a debtor applies for personal bankruptcy, his assets will be liquidated, discounted, and distributed to all creditors according to the debt ratio, and no debt will be retained.

To put it simply, if a person owes one million, but he only has one dollar.

Then all the creditors will get one dollar in proportion, and the remaining ninety-nine thousand nine hundred and ninety-nine will be gone!

Whether the debtor works, starts a business again, or does anything else in the future, he will not be involved in the bankruptcy debt.

This has led to some people taking advantage of the fact that bankruptcy does not retain debts, committing fraud everywhere and then filing for bankruptcy.

Asset transfer is something that the Federation has been doing for many years, and they already have a set of efficient methods.

Therefore, during this period, some professional bankrupts would try to create a small or micro enterprise that met the loan requirements and then borrow money from the bank.

Then he transferred all his assets and filed for bankruptcy directly, leaving nothing behind except a few coins in his pocket.

Even the banks can't do anything to them because the law supports and protects them. As for the loan money, it is completely bad debt.

The bankruptcy law was originally intended to protect some capitalists, but unexpectedly it almost became the capital for some smart middle-class people to leap into higher classes.

Moreover, before this sickle had a chance to cut the working people in society, the first blow fell on the banks!
How could banks, as the cornerstone of capital, allow them to do this?

So the first bankruptcy law was soon terminated, but society needed a new bankruptcy law, so the second bankruptcy law was introduced around 1010.

In order to prevent the bankruptcy law from becoming a protective umbrella for "condoning bankruptcy fraud", the second bankruptcy law obviously went a little too far on some issues.

The current bankruptcy law is to retain debts after clearing assets, and the debtor needs to come up with a plan to repay the debts.

If the debtor refuses to pay back the money, for example, he intends to live a homeless life, then the creditor has reason to ask the debtor to work -

In fact, it’s not that no one has ever considered the idea of ​​not paying back the money they owe since they can’t pay it back anyway.

Most of these people ended up missing, or more specifically, dead.

For those creditors with big capital, if the debtor makes himself worthless, then they are willing to let the debt rot and vent their anger.

This has led to many people returning to a life of slavery after bankruptcy.

Some media and public opinion believe that the current bankruptcy law is too protective of creditors and that debtors do not see any hope at all.

Oger was one certificate away from personal bankruptcy, and soon the hospital's lawyers found him in his apartment.

He lay on the bed, looking lifeless.

Today is the weekend and his family is at home, including his wife and daughter.

The girl was a little surprised to see guests in her house, but she instinctively felt that these people were not here to do anything good.

The atmosphere at home has been wrong and depressing these past few days. She wanted to ask something but didn't know how to start. She could only wait silently for her parents to tell her the truth.

But unfortunately, her parents never told her what happened until this moment.

Oger walked to the living room with the help of crutches and sat down. His wife stood behind him somewhat uncomfortably.

The lawyer took one look at the dirty house and didn't even think about sitting down.

Who knows if the black oil stains on the chair will stick to his trousers. These trousers are worth quite a bit of money, and they are a set with his formal suit!

"Mr. Oger, I'm the legal officer of the hospital where you're being treated. I'm here to inform you that the federal court has ruled that you need to repay the debt you owe the hospital."

"But we checked your real estate registration and found that your house has been frozen. It shows that you have mortgaged it to a third-party financial company."

"I'm not sure what you did with the money, or if you used some trickery to move the property around to account for the risk."

"If you think you have a clever approach, all I can say is that you are being clever in some way that does you no good."

Oger's daughter turned and looked at her parents with wide eyes, "What is he talking about?"

"What happened to our house?"

Oger's wife walked over to the girl and tried to calm her down, but she fended him off with her hand.

She stared at her father, "What did he say happened to our house?"

She didn't know the situation was so serious and their house was gone?

Oger had lost his authority and confidence as a father. He felt guilty and a little painful. "We lost our house and we owed the bank a lot of money."

Her daughter seemed to have lost "control" in an instant. She just stood there, looking at her parents, her mind blank.

She was a little confused. Her father was a senior worker and his monthly income was not low. Why did they lose their house and still owe a large sum of money?
She doesn't understand, she is too young, she doesn't understand this problem at all.

The lawyer glanced at the girl, then looked back at Oger. "I hope we can talk alone about this next part."

Og nodded and looked at his wife, "Take her to the room."

The space here was not large, so her wife put her arm around her daughter's shoulders and led her into the bedroom. After the door was closed, the lawyer shook her head and said, "I don't know if you did it on purpose, but your actions have angered the hospital."

"You'd better get the money you owe to the hospital before the hospital completely gives up on recovering the money!"

Oger sat there, still looking lifeless, "I don't have any money anymore. I lost that money in the casino."

When he said this, he found that telling the truth was not as difficult as he had imagined.

The lawyer was also stunned when he heard this. He roughly understood what Oger was thinking, which was to take a final gamble with the house.

In his career, he has seen many such people. They are very brave and have the courage to give it a try, but their final fate is not very good.

People only see those who have overcome fate, but they never think that there may be thousands or even more people who challenge fate.

But for a long time, there are often only one or two, or two or three people who can overcome fate.

These two or three people do not mean that only two or three people have done this thing, but they have succeeded. In people's eyes and hearts, there are only them and their successful deeds, and they ignore the losers.

The lawyer looked very sorry. "It seems that we have nothing more to say. Mr. Ogg, I will ask you one last time, are you still able to pay now?"

"Nine hundred and fifty dollars, you owe the hospital for medical expenses, and we have to add interest."

Oger shook his head. "I can't take out a penny now."

The lawyer didn't give up yet. "I'm not kidding you, Mr. Ogg. If you have the ability to pay, you can file for bankruptcy and then we can work out a repayment plan together."

"I heard that your monthly income is about 60 to 70 yuan. In fact, as long as you grit your teeth and persevere, you can repay this debt in three to four years."

Calculated over three years, even if it's 65 yuan a month, the total income is 2,340 yuan.

But there was about 20 percent tax, and because it was wartime, the tax would be higher, so there was only 1,782 yuan left.

For example, Oger's family of three spends about fifteen to twenty dollars on food every month.

Even if he calculates it at 20 dollars a month, there will still be 1,512 dollars left. Adding some other expenses and bills, he will be able to pay back the money in three years if nothing unexpected happens.

This is also the reason why the hospital is willing to send a lawyer to talk to him. This is not a debt that cannot be repaid. As long as he honestly applies for bankruptcy, and then follows the hospital's debt disposal method, finds a job, and then his salary is paid into the hospital account.

If the hospital had said this before, perhaps he would have agreed, but now he has nothing to worry about.

He had lost his house and owed a large sum of money. He sighed, shook his head and said nothing. The lawyer looked at him with no expression on his face. He worked for the hospital but was not a member of the hospital. So even if Oger did not exchange the money, he would not feel any emotional dissatisfaction.

He just looked at Oger, "You refused to negotiate a repayment plan with us."

Oger pursed his lips and said, "This house will be taken away soon. After that, we can only rent a house to live in, if I still have money."

"My family's expenses, various accidents, and look at my leg. It has kept me from working for at least half a year!"

"Honestly, Mr. Lawyer, I know better than you how much money I can save every month!"

"It will take five or six years to pay off this debt."

He has now developed a minor addiction to painkillers, and as a senior worker he has realized that what the doctors call "addiction" has set in.

He tried to fight the pain in his body, thinking that it would pass soon. But after more than two hours of pain, which tortured him to the point of wanting to jump off the building, he gave up.

I crushed three painkillers and swallowed them. In less than five minutes, I felt better.

He knew this was wrong, but he couldn't change anything, and it just increased his expenses.

In fact, what really made him collapse was not that it might take him five years to pay back the money, but that there was still no hope after five years!

He would still need another five years, or even longer, to find a way to buy another house, and by that time he would probably be almost fifty years old.

In the federation, fifty is already retirement age, and there is a high probability that he will not be able to find a suitable job at that time.

His physical strength and energy are not enough to enable him to carry out high-intensity labor. No one can persist for eleven or twelve hours!
He had to live a tight life for the next ten years, working day and night. When he thought of this, he exuded an aura of despair.

The lawyer stared at him for a while and said, "If you refuse to negotiate with us, then we can only transfer your debt to the debt settlement company."

His words aroused Oger's interest. He had heard some news about the debt settlement company, but not much. He only knew that they were a group of powerful people who could collect debts.

So at this moment he asked with some curiosity, "Excuse me, how much can you sell my debt for?"

The lawyer did not answer his question.

In fact, the prices they sell to the debt settlement companies are different. For example, Oger is a "high-quality debt", and the hospital cannot keep an eye on him all the time, but the debt settlement company has ways to make Oger listen to them, so the price will be a little higher.

These people are very cruel and have no humanity. For them, money is the most important thing, not anything else.

Debt bundling has always existed and is legal. Lance has previously bundled the debts of Jobaf (Imperial banker), but different companies have different ways of dealing with these debts.

They have to be thankful that organ transplant technology is not yet mature enough, otherwise these debts would be transformed into organ transactions in an instant.

This is why the number of missing persons in the Federation will continue to rise, and at some point in the future, it will reach an unbelievable level!
There is actually something very interesting here. The hospital can accept lower quotations from the settlement company and will seriously consider these quotations and most of them will agree.

But they will not give patients a bargaining plan, even for one dollar, they will not exempt patients.

The lawyer no longer had any patience. "Why don't you discuss this with your family?"

Oger hesitated, "I'll discuss it with my family."

The lawyer nodded and said, "I'll come back tomorrow."

He left after he finished speaking, and after a while there was no sound in the living room. His wife and daughter also came out of the room. They looked at Oger, and he told them what had happened.

After listening to what Og finished speaking, his wife and daughter fell silent.

It would take them ten years to return to their previous lives.

"Maybe... my daughter and I can work together, so we can make money faster."

Oger looked at his wife with a hint of arrogance and disdain in his eyes, "What can you do?"

"What can she do?"

There wasn't much emotional fluctuation in his tone, but both mother and daughter could sense the contempt in it.

He didn't think that his wife, a full-time housewife, could find a good job in this bad society, nor did he think that his daughter, who was about to graduate from high school, could find a good job she liked.

His wife chose to remain silent, but his daughter began to argue with him.

In the end, they chose the hospital's option, which was the only way they could go.

In fact, there is another way here, Og thought.

He divorced his wife, the children went to his wife, he took on all the debts alone, and then he could do nothing but become a homeless person.

But he quickly dismissed the idea. He didn't want to live a hard life alone while his wife and daughter were embracing a new life.

He knew it was wrong to think this way, he just didn't want to leave his family.

The next day, the lawyers came and learned that Oger was willing to cooperate with them, which made the lawyers very satisfied. They then signed an agreement.

Oger and his family need to pay the hospital twenty dollars a month for a total of seventy months (including interest).

At this moment, Oger actually didn't care anymore. Let love be whatever it is.

Everything seemed to have returned to the starting point. After the lawyer took his people away, the family of three did not speak, but just sat there quietly.

The next day, my daughter went to school. She was about to graduate.

With the help of the reporter, Oger went to find a job. He knew that his future life was bleak, but he had to move forward.

Her wife was packing up some things in the house and taking everything that could be sold to the street to sell because they still had some bills to pay and they needed money.

Before, Oger didn't think that finding a job was a big deal, even though he had hit a wall before.

Today he deliberately went to more garment factories, including those that had contacted him privately before and tried to poach him. He thought he could easily find a job by offering 65 yuan.

But after searching for a whole day, he still couldn't find a job!
Even if he lowered his salary to 60 yuan in the end, he still couldn't find a job!
When those people knew he was Oger and that he had participated in the strike, all the garment factories said no to him!

When I returned home dejectedly in the evening, my wife had already prepared dinner.

She took a can of beans, which she got free relief food from the street, and added a little minced beef and some tomatoes and stewed it in a pot.

He complained a few words, but that was just a complaint, and the family soon sat together to eat quietly.

Seeing that the meal was almost finished, his wife couldn't help asking, "Have you found a job?"

Oger paused for a moment while holding the spoon, and quickly put the scooped tomato beans and the sour and strange soup into his mouth. While chewing, he said vaguely, "No."

Nothing happened that night. The next morning, Og's wife went out with him. She also wanted to look for a job.

They also did not forget the task that the editor-in-chief had given them before, so one reporter followed Og and the other followed his wife.

His wife first looked at some places recruiting workers, but to be honest, she didn't know how to do any of those jobs, and she had never even heard of some of them.

For most of the day, she couldn't find any job she could do, and maybe her husband was right, she couldn't find a job.

She was a little discouraged and couldn't help asking the reporter who had been following her, "You are a reporter, you must know much more than I do. Do you think there is any work I can do?"

(End of this chapter)