Chapter 534 - 257: Sea View Villa
Pushing the door open, they entered a tidy interior with a tasteful decoration style.
Sofa, TV, living room, tables, and stools - everything one could need in an apartment, which also had two floors and came with an attached garage.
Pike, the owner, showed the two around, introducing everything on both floors. "This is the house I used to live in. At that time, I didn’t have much money and could only live here with my family until my business started doing better. Once I had the means, I moved out with my family. Afterwards, I had it refurbished, but I hardly ever came back to stay here. It’s been vacant most of the time, only occasionally having someone come over to clean. It’s a quiet environment, suitable for living."
He couldn’t help feeling nostalgic, remembering the early days of entrepreneurship when each day brought improvement. Yet, unpredictably, he now faced such a crisis and had gone back to square one.
"If this place means so much to you, why don’t you keep it for yourself to live in?" Zorro asked.
"Because I need money," Pike answered helplessly, and added, "Besides, I’m planning to take my family and leave Los Angeles to live in another city."
"Leave Los Angeles? What about your company?" Allen Zhang inquired.
Pike sighed: "I hardly slept from yesterday to today. I was still undecided about whether to put my company up for consignment auction, thinking of liquidating assets to cover the debts. But unexpectedly, the auction house processed my documents and informed me that it could go up for auction tomorrow. Now, I can only hope that someone will take over my business and prevent it from going unsold; otherwise, I would really lose everything."
If the company was auctioned off, the debts and troubles would become someone else’s, leaving him debt-free with tens of millions in savings, enough for a carefree life for the rest of his days.
Should the company fail to sell and the bank continued to press for debts, liquidating his assets to cover them, and also to pay off the employees’ wages he owed, he would be left with nothing but a shell of a broken company and no certainty of making a comeback.