The Weiss Brothers operated a successful business in Montreal for 30 years. They bought a bankrupt hardware

Question:

The Weiss Brothers operated a successful business in Montreal for 30 years. They bought a bankrupt hardware business in Ottawa, even though they had no experience in Ottawa or in selling hardware. Their bank, Toronto Dominion, got nervous about their financial stability and suggested they seek financing elsewhere. They contacted a former employee of TD who was then with Aetna Financial Services and negotiated a new credit arrangement with Aetna, consisting of a up to $1 million with conditions attached related to and inventory. Security for the loan was a general security agreement, pledge of mortgage on land, and guarantees by the Weiss brothers. Six months later, the brothers defaulted on their loan. Aetna demanded payment in full and appointed a receiver, who seized all the assets three hours later. What can the Weiss Brothers do now to save the business and their personal assets?
What could they have done to prevent this disaster? How should they have analysed the risk before buying the hardware business? Why did Aetna grant credit after TD had become reluctant to continue?
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