Bankrupt

[Shocker]

Teaser: The gavel came down with a sharp sound as if to set the final punctuation to the judges sentence. Emily Wayne dropped into her chair. She had fought hard, against a ruling of personal responsibility in the bankruptcy case of her father’s company. After his death in a plane accident she was the only one left holding the bill. Emily had known that the business wasn’t doing great but, the full extent of the financial troubles had only hit her after she had accepted her inheritance. The company had extensive debts, and it hadn’t helped that her father’s accident had removed a 7 Million dollar plane from the company assets.
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The author of this story has read and accepted the rules for posting stories. They guarantee that the following story depicts none of the themes listed in the Forbidden Content section of the rules.

The following story is a work of fiction meant for entertainment purposes only. It depicts nonconsensual sexual acts between adults. It is in no way meant to be understood as an endorsement of nonconsensual sex in real life. Any similarities of the characters in the story to real people are purely coincidental.
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Title: Bankrupt
Author: Shocker

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Use the space here to tell your readers anything you would like to say before the story begins.
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Bankrupt

The not so far future:

The gavel came down with a sharp sound as if to set the final punctuation to the judges sentence. Emily Wayne dropped into her chair. She had fought hard, against a ruling of personal responsibility in the bankruptcy case of her father’s company. After his death in a plane accident she was the only one left holding the bill. Emily had known that the business wasn’t doing great but, the full extent of the financial troubles had only hit her after she had accepted her inheritance. The company had extensive debts, and it hadn’t helped that her father’s accident had removed a 7 Million dollar plane from the company assets.

Emily was a trained lawyer so she started the proceedings to file for bankruptcy, the court date was set, and she was excited when she learned that her old friend from University Liz Ballard was representing the state. She looked over to the slender blonde, with the sharp cut face, wearing her trademark black pencil skirt and white blouse. A dress that could be the twin to her own outfit, except that she had chosen dove gray today, as the color complimented her long red hair.
The two women had battled fiercely over the proceedings, with Emily hoping to avoid the verdict of personal responsibility as this would make her private assets a security for her fathers debts. It could mean she would lose the house, the paintings and possibly her savings.

At this moment she heard Liz Ballard’s voice “Your honor, the state requests the application of the TRMP Act to these proceedings.”
Emily felt as if the floor under her had vanished. The Totally Responsible Money Protection Act had been established a few years back, to prevent businesses from stiffing their debtors by going in bankruptcy and then living of their private fortunes. It stipulated that all debts had to be recovered by any means possible, and the paid back in reverse order of value. Ensuring small creditors being paid back first and essentially banks being paid back last. Especially the latter provision had helped to encourage banks to be very careful with their money lending practices. Under the TRMP Act Emily was prone to lose much more than just her savings.

Judge Whiteman weighed the decision for a moment before announcing “Approved. Has the state data on how well the outstanding debts can be settled.”
“We do, your honor.” Liz responded “On my instruction state assessors have been going over the value of the estate as well as Miss Wayne’s personal assets such as house, jewelry and wardrobe.” Emily had been only too aware of all the men swarming over her place like cockroaches. When she had asked Liz about them, she had been told it was just a normal procedure, she wasn’t sure she still believed that.
“What is the result of the assessment?” the judge asked
“The result was that after liquidation of all assets there is going to be a difference of 115734 Dollars and 47 cents that can’t be covered.” Liz replied and to Emily it appeared as if her old friend was enjoying herself.
The judge addressed Emily “Miss Wayne, will you be able to cover the difference?”
Emily responded “I’m sure I can get a loan over that sum …”
“Objection your honor, Miss Wayne has no kind of securities that will cover the loan. The state has severe doubts that this debt will be covered this way. We move for the court to consider the ultimate option.”

Emily surged to her feet at those words, trying to protest but her mouth and throat only produced a croaking noise. Before she could compose herself she heard the judge clank his gavel again “The court agrees, I hereby order Emily Wayne to be seized as collateral, her citizenship is revoked, and she will be sold in public auction tomorrow.”
At this Emily fainted, only to be jolted awake again by Liz next words “Your honor, please consider that the clothes she currently wears are part of the collateral and need to be removed carefully as they are to be sold as well, ideally undamaged.”
The judge nodded and ordered Emily to remove her clothing. The young woman finally found her voice again and protested “You can’t do this, I’m going in revision, this verdict isn’t going to hold up in higher court.”
“I’m afraid there won’t be a revision, as you no longer have a right to appeal to a court, and now get out of those clothes, or the bailiff is going to do this for you.”

The thought of the brutish looking bailiff undressing her, frightened Emily to no end, and she slowly got onto her feet shaking on her whole body, as she started unbuttoning her blouse. Revealing her breasts clad in a white bra. She handed the blouse over to guard, who pointed to her skirt. Slowly she unzipped it and it slid down to the floor. Leaving her in only her underwear in the middle of the courtroom.
Liz commented “The bra and stockings are worthless, take them off and throw them into the trash.” Emily was furious that her old friend participated so willingly in her humiliation, but did as she was told. Slowly rolling the stockings down her legs, before dumping them in to a trash container. She hesitated to unclasp the bra, so the Bailiff grabbed the garment between the cups and ripped it of her body, feeling justified, in this as the bra was supposed to be trashed anyway. Emily tried covering her breasts with her hands, a feat she only partly succeeded in as her delicate hands were too small to conceal her ample chest.
Liz seemed to take no notice of her shame, as she produced an evidence bag from her briefcase and tossed it toward her. “Make sure not to damage those panties, when you put them in here. The Japanese will pay good money for them, even if they are as boring as yours.” Emily flushed now crimson and didn’t move. Only as the bailiff stepped closer to her did she drop on hand, using the other arm to cover her chest and slowly removed the last shred of clothing, and as she felt last bit of dignity. Standing doubled over, trying to protect her now naked body from the prying eyes, she put small piece of cloth into the bag, tossing it back onto Liz’s table. “Are you happy now?” she hissed covering herself as best as she could.

The other woman didn’t react to the question. She straightened and addressed the Judge “Your honor, the municipal code on slavery states that a new slave needs to be restrained. As a point of order I would think we should proceed accordingly.”
Judge Whiteman replied sternly “Counselor you are not correct, the municipal code requires multiple things, but since you are apparently insufficient familiar with it let me quote it for you. If a person is impounded as collateral, he or she is referred to as slave from this moment on, all civil rights expire and their former name becomes meaningless. A new name will be assigned by a future owner at their discretion. The slave is to be immediately placed into a collar and the hands and feet restricted in their movement. Are you prepared for this counselor?”
“Yes your honor” Liz replied

When they had entered the courtroom, Emily had wondered about the very large briefcase Liz had brought with her. But things became clearer, as Liz was producing a metal rings of various sizes and some lengths of chain from it. Terrified by the sight Emily shrieked and tried to make a run for it, but the bailiff managed to grab her and hold her in place. The next thing she felt was cold metal closing with an ominous snick around her throat, and a pad lock snapping shut behind her neck. The collar wasn’t really tight, but it felt to Emily as if it was cutting of her air. Next followed a metal hoop around her waist also secured by a lock. Then in quick succession her wrists and ankles were manacled by the remaining rings. A short chain between her ankle cuffs made any further attempt at escape impossible. She started to cry uncontrollably as her wrists were pulled away from her breast and her crotch still trying to protect her modesty, and were clipped with D-rings right to the belt around her waist. Leaving her fully exposed for the first time. The brownish nipples standing out from quarter sized areolae, the finely manicured landing strip of red curls leading the eye naturally to the slightly protruding labia.

The Judge continued “The slaves shall be taught to assume a kneeling position in the presence of their betters.” Emily howled as somebody kicked her hard from behind into the knees, causing her to fall down onto her knees.
“Vert good officer Mahoney, further the slave shall be gagged. Counselor are you prepared?”
“I’m sorry your honor, I seem to have forgotten about this provision.” Liz answered.
“Well it’s the law, and you are an officer of the court. Improvise if you have to.”

With a smile that bordered onto the malicious, Liz sat in her chair, and began slipping out of her own panties. She balled them up to a tight wad of black silk and lace and pressed them into Emily’s face. The cringing expression in her former friends face told her exactly what the other thought about this, but she wasn’t going to open her mouth to complain. Mahoney the bailiff hit her with his nightstick into the belly, causing her to gasp for air. At the same moment Liz pressed the foul smelling wad into her mouth. They fished one of Emily’s stockings out of the garbage can and tied it around her head keeping the gag in place. As she tightened the knot Liz whispered in her ear “You know I have never forgiven you for stealing my boyfriend, but I think I can now sleep happier.”
“That was creative.” Judge Whiteman commented before continuing in official tone “The slave is to be shorn, to improve hygiene. Are you prepared for this?”
Emily now was panicking, what did they mean with shorn, the answer came when Liz produced an electric hair clipper from her briefcase handing it to Mahoney.

The burly bailiff clearly knew what was requested of him, and he started attacking the little tuft of red hair between her legs, until there was nothing left. He then inspected arm pits and legs and found nothing that needed removing. He looked at Liz, whom with an annoyed look said “Haven’t you heard the Judge, shorn not just removal of the pubes.” After this Emily began retreating deep into herself, barely noticing that her stream of tears blurred her vision, seeing just the occasional strand of long red hair falling to the ground.
She didn’t hear the Judge declaring “that there were sufficient affluent people in the room to have an auction, advising the potential buyers, that a sale would be only final if it exceeded the outstanding debt. Should the final bid be below that, it would be considered an option, and the slave would go on public auction, with the final bid as starting price.”

She was barely aware of what the numbers meant that were called out. She only remembered at one point that she was pulled to her feet and some men where fondling her. Grabbing her breast weighing them in their hands. Slipping hands between her legs, spreading them open, spreading her open. Rough fingers penetrating her vagina and anus, commenting on how tight or loose they felt she was.

The final offer was 82000 Dollars, which was way short of the necessary sum, so the Judge ordered the slave to be transferred to the general holding facility. Before he closed the proceedings he addressed the potential buyer “Mr. Dobson, you are currently the highest bidder and if nobody exceeds your bid tomorrow, this slave will become your property. Do you wish to apply a chastity device, to protect your investment.”
“I don’t think that will be necessary your honor, this cunt might as well get used to her new life. I would only request to limit her use to perhaps ten men tonight.”
And at this he was looking as his future slave was dragged away. There would be a lot of tricks for her to return an investment of 82000 Dollars, but he was confident such a fine looking specimen, would be worth it. After all until an hour ago she had been high society, perhaps he could find some of her old friends who would like to enjoy her charms.

The End.

[LaLia]

Fictional laws, alternate worlds, etc. really have their appeal. You don't want to live in your world any more than you want to live in Claire's in "Men at War."

The whole situation is brilliantly described, important details were included, and you implemented and described the law well.

But I was really surprised at the end. I would have expected at least a third installment, and it feels a bit like you wasted potential. But that's not meant to be a negative assessment of the story. Now I understand your point about "how often people asked if there was anything else coming."

You made a small mistake here. It should be no kind, right?

“Objection your honor, Miss Wayne has kind of securities that will cover the loan. The state has severe doubts that this debt will be covered this way. We move for the court to consider the ultimate option.”

[Shocker]

Fictional laws, alternate worlds, etc. really have their appeal. You don't want to live in your world any more than you want to live in Claire's in "Men at War."

The whole situation is brilliantly described, important details were included, and you implemented and described the law well.

But I was really surprised at the end. I would have expected at least a third installment, and it feels a bit like you wasted potential. But that's not meant to be a negative assessment of the story. Now I understand your point about "how often people asked if there was anything else coming."

You made a small mistake here. It should be no kind, right?

“Objection your honor, Miss Wayne has kind of securities that will cover the loan. The state has severe doubts that this debt will be covered this way. We move for the court to consider the ultimate option.”

Thank you I fixed that error.

I could have extended the story past this end, but I liked the idea of keeping everything that happens contained to the one location. Also the fact that you kept wondering what might happen next, proves that I stimulated your imagination. The possible continuations that happened in your mind, all beat the story I could have written, as you know all the right buttons to push for you.

I have written an unhealthy amount of stories dealing with “white” slavery, simply for the reason that the thought excites me, but also I don’t think sone victims should walk away from the horrible events. I don’t like snuff, so I have to sell them off to a fate worse than death.

Future societies are fun for exactly the reason you mentioned, change of social norms allow for interesting twists.

[Nickamano]

What in interesting concept. I appreciated that businesses aiming for bankruptcy with this particular piece of legislation are forced to pay back the smaller creditors first, making the banks come last - which encourages them to take more care in who they lend to and how much they lend.
I liked the motivation of the boyfriend steal, just tossed in there casually. I almost wanted to complain about her having her underwear removed as its "Worthless" if its worthless that there's no value in removing it - but then I remembered it was an erotic story and it all made sense again (curse my logical brain!)
My only real criticism, other than it ending where it actually begins (which is fine really, kind of a tease), is the writing of the values owed. I would have either written the amounts down in figures longer but easier to read or put in commas into the numerals to make it easier to read.
I do recognise that the amount of money the defendant actually owes is about as important or interesting to the story, as what chew toy she buys for her pet at Christmas, but it did slow me down a little...

[Shocker]

What in interesting concept. I appreciated that businesses aiming for bankruptcy with this particular piece of legislation are forced to pay back the smaller creditors first, making the banks come last - which encourages them to take more care in who they lend to and how much they lend.
I liked the motivation of the boyfriend steal, just tossed in there casually. I almost wanted to complain about her having her underwear removed as its "Worthless" if its worthless that there's no value in removing it - but then I remembered it was an erotic story and it all made sense again (curse my logical brain!)
My only real criticism, other than it ending where it actually begins (which is fine really, kind of a tease), is the writing of the values owed. I would have either written the amounts down in figures longer but easier to read or put in commas into the numerals to make it easier to read.
I do recognise that the amount of money the defendant actually owes is about as important or interesting to the story, as what chew toy she buys for her pet at Christmas, but it did slow me down a little...

I think I wrote this in 2020, and yes many small businesses have been wiped out because larger customers didn’t pay their bills. Particularly in the US where you hear Company A declared protection for insolvency, just to but a competitor a month later.

The idea of personal responsibility appealed to me, also of making the family essentially collateral. True I could have taken the story further, or made it even darker. But not every story needs to depict the horrors of rape in its mechanical details. I gave written my fair share of those as well, also I enjoy the idea of a mindfuck very much.