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Chapter 1599 I want to be a vicious stepmother (End)

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    While Joe sale the hot and custody of cancer, Mi Junbao's Mi Family Group has completely bankruptcy, and the real estate that Mijia has accumulated for many years has basically been emptied.

    They were all taken away by the bank and auctioned off.

    Competition in the clothing and beauty industries that their family originally operated has been fierce in recent years. If Mi Junbao can pay more attention to this aspect, actively keep up with the trends of the times, and make appropriate efforts in e-commerce or online sales.  If we change, we might still be able to survive.

    But in the past two years, he has focused all his energy on real estate development, and the Mi Group has long been in trouble by relatives of the Mi family and the Zhu family.

    Don¡¯t talk about keeping up with the trend of the times.

    Withstand the pressure and rise from the ashes.

    It¡¯s very difficult to even survive.

    With the tit-for-tat confrontation between the Mi and Zhu families, their attempts to poach the company's profits and collect kickbacks, the Mi Group not only suffered a serious loss of talent.

    Product quality has declined rapidly.

    Although the Zhu family received rebates in the past, they mainly received rebates from sales, which meant keeping wholesale prices as low as possible and then receiving rebates from wholesalers. However, after the relatives of the Mi family came over, they found that they could not compete with the Zhu family in this area, so they  We simply gave up on rebates in this area and turned around to develop new rebates, that is, to take rebates from raw material suppliers and processing plants.

    If you take rebates from wholesalers, it means that the Mi Group will make less money. At most, the profit margin will be reduced at the end of the year. But if you take rebates from raw material suppliers and processing plants, it means that product quality control will be reduced, and it will also mean that the product quality will be reduced.  Quality declined.

    Consumers are not fools. They cannot only recognize the brand without looking at the quality. When the product quality first begins to decline, they may not necessarily feel it. However, the decline in product quality is getting more and more serious. What originally did not shrink shrank and did not fade.  If the color fades, no matter how slow their reaction is, they can still feel that the quality of the product has declined and become inferior.

    If you are serious, you may complain and return it.

    Even if people who are not serious do not return the goods, they will basically exclude this brand from the future.

    Treat the brand as an inferior brand.

    ????????????????????????????????????????????? In less than half a year.

    The credit accumulated by Mi Group over the past many years has basically gone bankrupt, and product sales have dropped rapidly, although they have not fallen to zero.

    But it¡¯s reached the point where we can¡¯t make ends meet.

    In the past, they had strong capital, and it didn¡¯t matter if they couldn¡¯t make ends meet. It was nothing more than a loss, and it was nothing more than selling two more houses to make up for the loss.

    However, as Mi Junbao¡¯s real estate development project failed, a large amount of funds were locked up, and there were huge bank loans to repay. Mi Junbao simply could not come up with the money to cover the losses of Mi Group.

    At this time, the relatives of the Mi family and the Zhu family, who had already benefited from the rebates, were still unwilling to give up their profits. Instead of temporarily suspending production, they found ways to clear the inventory.

    On the contrary, we are still increasing production and reducing wholesale prices.

    ?? Receive kickbacks from both ends.

    Then the things produced could not be sold and could only be turned into inventory. The company's inventory quickly exceeded the backlog limit. On the one hand, the things could not be sold at all, and on the other hand, the inventory continued to accumulate, causing losses. The two phases were superimposed.  The company's losses naturally snowballed into bigger and bigger losses, reaching an unbearable level.

    ?Then the group was bankrupted and liquidated.

    The inventory was sold wholesale at low prices, ranging from seven yuan per catty to nine yuan per catty.

    Mi Group officially went bankrupt.

    All shares become waste paper.

    Not worth a penny.

    And the insolvent part.

    All must be repaid by Mi Junbao.

    For Mi Junbao, this incident was basically the final straw.

    Originally, he wanted to struggle.

    But after the Mi Group went bankrupt, he was too lazy to struggle, and he was too lazy to pay back the money he owed.

    Directly let the bank confiscate his assets.

    It just so happens that the villas in his hands cannot be sold.

    It would be good to let the bank auction it.

    It saves him having to advertise everywhere to sell his house.

    Although the final auction price at the bank was relatively low, a villa was the lowest, and it was sold for around 20 to 30 million. The batch of villas that Mi Junbao originally planned to sell for half a billion had a total of 200.  They bought about 4.8 billion yuan and finally sold it at a very low price.

    ? Nearly 4 billion of them have been repaid.

    ?This also means that Mi Junbao spent a lot of trouble for two or three years, and finally completely destroyed his family business with tens of billions of assets, and became a pauper with only 800 million in cash in his hand.

    Although he still had so much cash, his family was completely in despair.

    Whenever Mi Chong had free time, he would directly scold or scold his son, call him a prodigal, a loser, a loser, and so on.

    At the same time, he also asked his son for debts.

    When Mi Junbao was engaged in real estate, the land and part of the start-up capital were given by Mi Chong.

    Therefore, theoretically speaking, at least about 30% of that batch of villas should belong to Mi Chong. Even if calculated based on the bank auction price, it should be allocated to him more than 1.4 billion. However, after Mi Junbao paid off his debts, he was left with only  He has already invested more than 800 million yuan. He still wants to make a comeback with this money. Naturally, he will not give it to his father. How can Mi Chong be willing to accept it.

    So it¡¯s normal to find ways to get debt.

    Mi Junrou was also arguing with her brother.

    The things she received were not many to begin with, and the most valuable thing was the 10% share of the Mi Group. She relied on the dividends from the 10% share to live off her life.

    But now that the group is bankrupt, her 10% stake has become a pile of waste paper.

    ¡°For Mi Junrou, this means cutting off her roots and her future.

    How could she be willing to do this?

    Since the group went bankrupt, she had no choice but to ask for money from others. She could only pursue her brother and ask her brother to compensate for her financial losses.

    "In addition to facing debt collection from his father and sister, Mi Junbao also had to spend a lot of energy suing his relatives, suing relatives of his uncle's family and Mi's family, suing them for misappropriation of assets.

    Sue them for taking kickbacks and illegal gains.

    In short, I completely broke up with the two families.

    They are either arguing or making trouble with each other.

    ¡°It¡¯s all relatives who come to visit, so even calling the police station is of no use, because their relationship with each other is an objective fact, as long as they don¡¯t do anything, just make a fuss, etc.

    There is simply no way to accurately convict.

    The huge Mijia has completely become a local joke and a joke to the neighbors.

    In the end, Mi Chong was worried that he would not be able to get the money and his son would run away again, so he simply took his son to court. Mi Junrou also joined in the fun and tried to see if he could get the money.  Her father sued Mi Junbao together.

    The lawsuits between father and son of the Mi family, the lawsuits between brothers and sisters, the lawsuits between relatives and uncles, dozens of lawsuits, large and small, were piled up and fought for several years. Qiao Mu and Mi Feifei were tired of eating melons.  Only then did we come to the final outcome.

    The outcome is that Mi Zhu¡¯s two relatives were basically sentenced to either pay back the money or go to jail.

    Mi Junbao also wants to pay back the money to his father.

    Because Mi Chong's land and investment shareholding was written into the contract, and Mi Group has nothing to do with Mi Chong, whether it is a legal person or shares. The debts of Mi Group's bankruptcy were not covered by Mi Junbao's death.  It has nothing to do with Mi Chong.

    Therefore, the money from the villa auctions should have been given priority to Mi Chong instead of paying off debts.

    So the final judgment result is.

    Mi Junbao¡¯s property belongs to Mi Chong.

    The few hundred million meters that were missing were not pursued.

    The final outcome is that the Mi family brothers and sisters are completely bankrupt, and their relationship with each other is completely broken. Only Mi Chong can barely be considered the winner, although the loss is considerable.

    But at least there are still more than a billion.

    Just hold it tightly and don¡¯t let it go.

    Pension is still fine.

    When things developed to this point, Qiao Mu was too lazy to continue targeting the Mi family. After all, he just wanted to make life miserable for the two brothers Mi Junbao and Mi Junrou. He had no requirements for Mi Chong himself, so naturally he didn't need to  No more trouble.  (Remember the website address: www.hlnovel.com
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