America 1881: They Call Me Legend

Chapter 237 Asset Disposal

"I thought you would warn him." Chen Jianqiu turned around, holding a cigar in his hand, and met Peller's eyes, "Follow the procedure."

Paile froze on the spot. He looked at Leonard's gun that fell on the ground, and then looked up at Chen Jianqiu.

He woke up instantly.

"This is your gun!" Pilot asked angrily. "You only handed the gun to him when you saw me coming, right?!"

"You knew I could shoot, huh?!" he yelled hysterically, "the gun you gave him didn't have bullets in it at all!"

Chen Jianqiu walked to Leonard's body, picked up the revolver on the ground, and put it back into the holster on his waist.

"I gave him a chance to choose, but he didn't give it to you."

"He made his choice, but he left you with no choice."

Pile grabbed his hair, feeling extremely annoyed:

"Why are you doing this? You know I'm investigating him. It won't be long before someone sues him and I can send him to jail!"

Chen Jianqiu did not answer his question. He walked to the back door and opened it.

Camilla walked in, followed by Sean, Abiot, Hanif and others. With them was the dejected lawyer Maxine.

As soon as the lawyer left the house, he was controlled. Also controlled were the security personnel who had no idea what was going on.

They had no idea where the people in front of them came from.

Chen Jianqiu extended his hand to Camilla.

The woman took out a paper bag from her bag and handed it to Chen Jianqiu.

Chen Jianqiu took the paper bag and handed it directly to the confused Pile without even looking at it:

"My lawyer has sorted out all of Leonard's criminal information. The other evidence is in his room upstairs. If you are interested, you can find it yourself."

If Leonard hadn't fired the shot, bankruptcy and a judge's trial would have awaited him; but he pulled the trigger anyway.

It was he who chose his own destiny.

Chen Jianqiu walked to Paile, patted his shoulder and said:

"You are a good policeman."

After saying that, he led everyone away from Leonard's house, leaving only Sheriff Pilot standing alone in the hall of the house.

The next day the news of Mr. Leonard's death spread throughout Lincolnshire.

The upstart Lincolnshire man tried to kill someone over a debt dispute, but was shot dead on the spot by the heroic Sergeant Pilot.

There was a lot of talk, including people who owed money to Mr. Leonard and Mr. Leonard's creditors.

It was also at this time that they discovered that this greedy businessman had no wife or children.

They were very concerned about what to do with Leonard's debts after his death. On the contrary, no one cared about why Sheriff Pilot showed up at Leonard's house.

A few days later, Mr. Leonard's lawyer, Mr. Messne, announced that he had become bankrupt before his death due to short-term debts.

The debtors rejoiced, while the creditors were anxious.

When a person dies, the debt cannot be canceled.

The chief judge of the Lincoln County Court had a headache. According to the investigation, Leonard's debt problems were complicated. In addition, the properties under his name were measured according to market prices, and there was a high probability that they were insolvent.

According to the information provided by Sheriff Pilot, it also involved many violations of New Mexico law.

The county court simply does not have the ability to sort out these matters in a short time.

However, those creditors could not wait any longer and began to exert pressure from various channels, including but not limited to gatherings in front of the court, no longer cooperating with judicial matters, threatening to dig up the judge's ancestral graves, etc.

Because these veterans have experienced all kinds of things in Lincoln County over the years and know the professional ethics of this judge.

Basically nothing.

The longer the delay, the less likely they are to get their money back.

However, at this time, a Chinese grain merchant who claimed to be Leonard's biggest creditor walked into the judge's office.

He proposed a package solution to the judge.

After hearing his plan, the judge hesitated: "I'm afraid other people in the town will have objections and won't agree."

"You don't need to worry about these." Chen Jianqiu handed him a piece of paper, "You must be familiar with that lawyer Max En."

When the judge saw the piece of paper, his expression suddenly changed.

Above are all the records of Maxion's former master, Fred "One Ear" bribing him.

"Where did you get this?" The judge looked hesitantly, "They are all slanders, sir, these are all slanders."

However, the piece of paper was pulled out of his hand and returned to Chen Jianqiu's hand.

"Yes, Mr. Judge, these are all slanders." Chen Jianqiu tore the piece of paper into pieces in front of the judge.

He looked at the judge with a smile, which made the judge's back feel cold.

"Then, just follow your plan."

The judge turned around, took out the corresponding information from the cabinet, and stamped a seal on Chen Jianqiu's plan.

Two days later, the farmer's exchange at the entrance of the town in Lincolnshire was crowded with people, who came to watch the excitement.

The rows of seats in front were occupied by prominent local figures, many of whom were Leonard's creditors.

Today, the court is finally willing to resolve these issues.

According to common practice, the court should auction off all the assets in Leonard's name, and then give priority to repaying debts with the proceeds.

To be honest, many of his assets are very attractive, such as several ranches in excellent locations, the mansion, etc.

However, when the moustachioed man representing the court, wearing a black suit and a top hat, came on stage and officially announced the auction plan, almost everyone was dumbfounded.

All assets were packaged and disposed of, including the usury loans he had given out.

In addition, Leonard's debt was also packaged together.

When you acquire assets, you also assume corresponding liabilities.

As we all know, one of the reasons for Leonard's bankruptcy was not lack of liquidity, but genuine insolvency.

And some of the high-quality assets that they are obsessed with are not even in this auction. To use the mustache's words, due to the mortgage contract, they have automatically given priority to the creditor.

All the meat was eaten, leaving only a pile of bones.

With this auction method, Leonard's assets are worthless.

"I protest!" An older businessman stood up holding on to his cane. He was Leonard's largest creditor besides Chen Jianqiu, and he was also the largest timber merchant in Lincoln County.

"No one wants this kind of auction method!" he said, "the rights and interests of our creditors are not protected at all!"

"Yeah, don't you think we are fools? The rest are bad assets." Another person also stood up and said excitedly.

Mustache stretched out his hand: "Hey, non-performing assets are also assets."

There was a lot of scorn from below.

Leonard does have a bunch of IOUs in his hands, but if he just looks at the names of the people who owe money on these IOUs, can he get them back?

The auction site was in chaos, and some people were preparing to leave. In their opinion, there was a high probability that there would be no results today; some of the more grumpy ones were already loudly asking for an explanation.

However, at this time, there was a sudden sound of horse hooves outside the trading market.

Seven or eight horses appeared at the door of the market.

First update, second update later

(End of chapter)