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Chapter 38 The Earl who is ready to go bankrupt

"Dongdong"

"Please come in."

"Earl, financial advisor Robert Lang and lawyer James Cronin have arrived."

While putting the album and stone in the box, Arthur said to Paul, the butler standing at the door: "Please come in."

"Okay, Earl." The housekeeper Paul nodded slightly and turned away.

After Arthur put the album and stones in place, he put the box aside, stood up and walked to the cloak mirror, tidied up his clothes slightly, straightened the baseball cap on his head, walked to the middle of the study, and waited for the guests to arrive.

Not long after, the door was knocked again.

"Please come in."

The door was pushed open, and the housekeeper Paul was in front of him. He reached out to follow the two middle-aged men with straight suits and meticulous hair combed, and looked very capable. Both of them managed their figure more successfully. They didn't have any big belly and had glasses. James Cronin, a lawyer familiar to Arthur, was the other, needless to say, Robert Lang, the asset management consultant of his Boling family.

"My lord."

"My lord."

Arthur also smiled and replied with a greeting from the two of them. To be honest, the British are really hypocritical. On the one hand, they reject the aristocratic class, but when they really meet aristocrats, they will maintain etiquette and respect for the aristocrats, and they even want them to become members of the aristocrats.

"Please sit down, what should you drink? Coffee or black tea?"

Arthur smiled calmly to entertain the two of them and sat down, then asked politely.

"Black tea, thank you."

"I'm also black tea, thank you."

Arthur smiled and nodded, looked at the butler Paul on the side and smiled, "Paul, three cups of black tea."

"Okay, please wait for the count and the two." The butler Paul said with a smile, then stalking towards the door.

"Lord, this is part of the tuition fee refunded by the Castle Management School...a check of 15,000 pounds." Lawyer James Cronin took out an envelope from his bag, handed it to Arthur with both hands, and explained with a faint smile on his face.

"Haha, I knew that it was the most correct decision to leave it to you to handle this matter. You will certainly not disappoint people." Arthur took the envelope, raised the corners of his mouth, and praised with a happy smile.

"Thank you for your compliment, this is what I should have done." James Cronin responded with a smile.

Arthur opened the envelope, took out the check inside and glanced at the numbers, and then reloaded it into the envelope. This was also the first loss he, the count, recovered, and it was worth having fun.

While the three of them were chatting, the housekeeper Paul walked into the study with the waiter carrying the black tea. After pouring the black tea, the waiter left. The housekeeper Paul stood beside Arthur as always.

After the three of them drank a few sips of black tea, Arthur took the lead in putting the teacup on the table, looked at his lawyer and consultant with a smile and said, "I invite you two here this time, mainly because there is one thing that needs help from you."

Robert Lang and James Cronin both put down the teacup in their hands, looked at each other, and said one after another: "I am willing to serve you at any time."

Arthur smiled and nodded, without going around the circle, and said straight to the point: "I want to use the land of Bolin Manor to mortgage the bank..."

Although Paul, the housekeeper who had been standing beside Arthur, was prepared in his heart, but when he heard Arthur say it in person, a helpless expression appeared on his face. He could not understand why Arthur had to take this step. The loan of tens of millions of pounds, the annual interest generated, the output value of the manor and the profits of the newspapers and publishers, are a huge burden. If not done well, it will go bankrupt and the risk is too great.

Similarly, Robert Lang, an adviser who knows the financial status of the Bolin family, also frowned. Since the old Earl Francis, he has provided services to the Bolin family for more than 15 years. Although the financial situation of the Bolin family has been in trouble due to the inheritance tax problem, as long as you increase revenue and reduce expenditure and persist for two years, the financial situation of the Bolin family will be restored to balance after the economic environment improves. There is no need to take such a big risk to borrow from the bank.

"Lord, the financial situation of the Bolin family is still good now, and it is a good grade. There is no need to borrow money from the bank. If you are worried about the debt problem of the Southern Daily Echo, I have a solution here, which can eliminate the debt without any loss."

Arthur did not show any displeasure to Robert Lang's advice. After all, the other party was also out of good intentions. It has to be said that the people left by his cheap father were very good in character and ability, and he was also interested in what the other party said that he could easily eliminate his debts.

"Oh? What's the solution?"

"Two months ago, the government just revised some provisions of the Bankruptcy Law, and the conditions for bankruptcy are looser. Businesses or individuals can complete the entire bankruptcy procedure in just one year and successfully lift debts.

As long as we let the Southern Daily Echo newspaper enter bankruptcy protection, we can complete the procedures within December and easily eliminate all debts. This method has been implemented by many corporate representatives or individuals from other European countries and is completely feasible."

Hearing this, Arthur's mouth tugged and complained in his heart, could TM be so shameless? Thinking of it, he turned his eyes to the lawyer James on the side.

"It is indeed feasible. Compared with other European countries such as Germany, Austria, France and Iceland, our bankruptcy conditions are particularly relaxed. Take Germany and Iceland as an example. Because the bankruptcy laws of Germany are not perfect, ordinary companies or individuals need to wait 6 to 9 years to terminate their debts after declaring bankruptcy. On average, bankrupt companies or individuals in Iceland need to wait 12 years.

We can only go through the process in December to get rid of bankruptcy restrictions and debt difficulties.” Lawyer James nodded and explained to Arthur who looked at him.

Well, you can really be so shameless! As expected, the old capitalist country can play...

If it weren't for making money and investing, he might have used this method to cheat the bank and eliminate the debt. However, this method would not work now because he cannot bear the burden of bankruptcy. He needs to borrow money from the bank and borrow tens of millions of pounds!

"Haha, a good way, but a pity..." Arthur shook his head and smiled, with a firm look on his face, and continued to say: "I still insist on mortgageing the land of the manor and lending to the bank. I need this money, very much!"

Hearing Arthur's firmness and persistence in his words, Robert Lang frowned slightly and looked at Paul, the housekeeper standing beside Arthur. Paul nodded slightly at him with helplessness. Robert Lang was also quite helpless. There was no way, these assets belonged to Arthur Boling, and he could deal with them as he wanted. However, there was a hint of invisible indifference and contempt in Robert's eyes when he looked at Arthur.

“Lord, how much do you want to borrow?”

"Of course, the more, the better. I know that Bolin Manor has consulted with the evaluation company before, worth £40 million. If possible, I hope it will be a loan of £40 million." Arthur felt a slight change from Robert Lang, but he did not care, but said calmly.

Robert Lang tugged his lips and shook his head and said, "It's impossible. Banks will not make full loans based on the appraisal price. Moreover, in the current economic environment, you should also know that major banks have long tightened their loan business, and even commercial land is falling. The land of the manor cannot be used for commercial development, so the value will be discounted by the banks.
Chapter completed!
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