Wind Fire Real Estate's stock had continuously hit the lower circuit limit, and because of a substantial fine from the tax bureau, it was heavily in debt. Being at the center of public attention, with the media launching verbal and written attacks, Wind Fire Real Estate finally couldn't hold on and had no choice but to declare bankruptcy!
The entire process of Wind Fire Real Estate's collapse took less than a month!
In just one month, Woodrow Sullivan, who represented the Wescott family, lost over 17 billion because of Wind Fire Real Estate!
"Head of the family, over 17 billion... what should we do? I can't even continue as the general manager, but what's more important is that our major partners, who had good relationships with the Wescott family, are now hesitating and doubting whether they should cooperate with us..."
