Chapter 10 - The Villa Was Only the First Asset Under Review
Brendan assumed I had bought his debt to steal his house.
I showed him the committee record.
My recusal.
Independent valuation.
Competing bids.
External counsel.
Northstar acquired the debt because it was profitable at the purchase price.
Not because I wanted revenge.
Then Rebecca explained the next phase.
The villa was not the end.
Brendan’s company had thirty days to submit a credible restructuring plan for the remaining defaulted facilities.
If it succeeded, Northstar had no interest in dismantling viable businesses.
If it failed, collateral enforcement could expand.
Hotels.
Development parcels.
Certain holding-company interests.
Suddenly three earlier details changed meaning for Brendan.
My calm while Diane humiliated me.
The earpiece.
The guards waiting outside.
He had interpreted all three as theater.
They were infrastructure.
Then I told him something else.
“Northstar is willing to restructure.”
His eyes narrowed.
“You expect me to beg?”
“No.”
“What do you want?”
“A company that stops lying about its numbers.”
That was the real condition.
Independent chief restructuring officer.
Full disclosure.
Asset inventory.
No related-party transfers.
No private lifestyle expenses passing through operating companies.
Brendan hated every word.
Because saving his empire required surrendering the thing he valued most.
Not money.
May you like
Control.
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