Tokyo Barrister: Start the law firm bankruptcy

Chapter 879 It’s too late

As the bankruptcy proceedings began, the Tokyo High Court quickly started the process of appointing a bankruptcy administrator. After a lottery process, the Urobuchi Itoga Law Firm was appointed as the bankruptcy administrator. Soon, a comprehensive asset count of Nippon Steel was initiated.

This process is of course long, but Kitahara first asked to review Nippon Steel's financial report. Kitahara needed to see the current status of Nippon Steel's factory buildings, production lines, land and other fixed assets as soon as possible. Whether their ownership has been mortgaged or transferred.

Morning, Nippon Steel, headquarters building.

The bankruptcy administrator's team has already moved into Nippon Steel, and the accounting team has also entered the site to start work.

In the meeting room, Kitahara, Miyakawa, and Niwa were looking through the thick account books for the relevant documents on fixed assets. Nippon Steel's assets were huge and complex, and it was impossible to clarify the status of all of its fixed assets in a short period of time.

Therefore, Kitahara first set his sights on the land and factory buildings with greater value and sorted out the status of these properties. Kitahara instructed Miyakawa and Niwa to pick out these fixed assets and organize them into a book, and then they checked the ownership status of these assets item by item.

Kitahara and his crew are all doing their best.

Now, time is life.

Not even a second slower.

The three people working diligently in the conference room were particularly eye-catching at the scene of Nippon Steel, especially the lawyer Kitahara. The few Nippon Steel executives who knew that this lawyer was the one who caused the current situation were somewhat indignant about him.

The three lawyers, Tanimoto, Tamashiro, and Abe, were also present.

However, their roles as agents have now been switched again.

Tanimoto continued to represent Nippon Steel.

Jade City represents the future space.

Abe represents the main correspondent banks.

They will block Beiyuan layer by layer.

Yucheng also saw Kitahara at the scene. She walked straight over without knocking and went directly into the meeting room where Kitahara was.

"Mr. Kitahara, are you starting work so soon?" Yu Cheng's voice was full of sarcasm. "You guys are moving too fast. The bankruptcy procedure has just begun, and we still need to declare claims and form a creditors' meeting. Is it going to be any use if you start checking the accounts in such a hurry?"

Tamashiro's voice deliberately raised a pitch at the end.

Naturally, this female lawyer hated Kitahara.

Because it was this lawyer who completely disrupted Nippon Steel's originally perfect business plan.

"I'm afraid that if I don't check, Nippon Steel's assets may be stolen quietly." Kitahara replied. The young male lawyer didn't even raise his head to look at the other party. Obviously, facing such a provocative answer, there was no need to take it seriously.

When Yucheng saw this scene, Kitahara didn't even raise his head, and he became even more angry.

She immediately took a step forward and continued walking forward.

The female barrister stood next to Kitahara.

"What are you talking about, Lawyer Kitahara?" Yucheng said, "The bankruptcy process has already begun. No one can transfer any property from the bankruptcy court!" Feeling Yucheng standing next to him, Kitahara had to put down his work and stood up to look at the female lawyer. Kitahara said:

"There is a time lag between the ruling made by the court and the delivery to the industrial and commercial agency. We have no way of guaranteeing what will happen during this period, so of course we need to come early."

Kitahara's brief words quickly exposed the plan made by Tamashiro, Tanimoto, and Abe.

The moment she heard Kitahara's words, Yu Cheng's eyes widened a little. She didn't expect that Kitahara had thought of this before them. They planned to mortgage as many Nippon Steel assets as possible to the bank during this time difference and force the previously interrupted project to revive.

This Beiyuan was able to guess this in advance!

Tamashiro tried his best to control the expression on his face so as not to let Kitahara see any clues.

She looked at the piles of materials in the conference room and the other two women working diligently, and her surprise turned into a sneer.

the reason is simple.

Their legal teams had already established good relationships with each other.

The mortgage registration at the City Hall will adjust the time.

They submitted a mortgage application before the bankruptcy ruling was issued, and then expanded the scope of the collateral by gradually supplementing the information.

For example, they originally submitted a mortgage registration for five factories to the city hall.

After the bankruptcy ruling was issued, they expanded the scope of the previous mortgage registration on the grounds of additional collateral. For example, they added the mortgage of five more factories, so that the total number of mortgages became ten.

Since the subsequent mortgage is an addition to the previous mortgage application, it is not displayed as a separate new mortgage registration on the city hall's computer system, but is still the time of the previous mortgage registration.

As a result, the application procedures for additional collateral all became before the bankruptcy ruling was issued, even though the actual time of the additional documents was after the bankruptcy ruling was issued.

It's like a magic trick of time.

Therefore, this is also the confidence of Yucheng and his legal team.

It is impossible to find out about Kitahara.

There is no way that decades of experience in the field of bankruptcy law can be defeated by such a young man.

Yucheng looked at the male lawyer in front of him with contempt, "Have you ever thought that after the bankruptcy procedure is initiated, it will actually be more disadvantageous to you, the workshop contractors. You are just ordinary creditors. Don't forget that in front of you, there are also the bank's security rights and the priority claims of the union. You initiated the bankruptcy procedure, but in the end, it is impossible to get any actual benefits. Do you understand!"

"A company of the size of Nippon Steel has ended up like this. Don't you think it would be meaningful if it weren't put into bankruptcy proceedings so that everyone can take a closer look. How many traitors have taken away so many assets from it, causing it to fall into its current state?" Kitahara sneered.

"You!!" Yu Cheng glared at him, "Everything you do will be in vain! Lawyer Kitahara, just watch! In the end, you will suffer the consequences of your actions!!!"

Yucheng left the meeting room without looking back.

Not far away, lawyers Tanimoto and Abe were also watching the situation in the conference room. They knew in their hearts that no matter how hard the lawyer Kitahara tried to investigate, it was too late! !

(End of this chapter)