DILEMMA BETWEEN SELLING THE HOME AND SAVE THE COMPANY

My neighbor is in a depression due to defaulted bank loans. This is because the business he is running has gone bankrupt due to the pandemic situation. Some employees were laid off, because they were considered to be able to reduce the company's burden. However, these policy choices cannot solve the problems they are facing.

BETWEEN SELLING THE HOME AND SAVE THE COMPANY

The company owner is in a dilemma between selling the house and saving the company. For my father, selling the house to save the company was far more important than having to lose the company, which was getting worse and worse. The owner of this company plans to sell his house and personal assets to get fresh funds which will be used to increase the company's capital.

A NEW PROBLEM Arose REJECTION FROM THE FAMILY

However, a new problem arose, because his wife and children did not agree with this policy choice. Meanwhile, there is no other choice but to sell the house and family assets. As for facing a temporary residence is to rent a house. What are the appropriate steps that my neighbors can take?

Between selling the house and the influence of the refusal of his wife and children who object to having to sell the house. There is no other way but to sell the house and assets. What do all friends think?