It will not be affected. Children of persons included in the list of dishonest persons subject to execution will generally not be affected. Once you become a "laobao", your children will not be allowed to attend high-cost private schools until the debt is paid off. Generally, the person subject to breach of trust will only have an impact on himself and not his children.

Generally, it has no impact on children’s schooling, but only affects their parents’ bank credit.

The impact of being on the bank's blacklist:

1. Unable to apply for a loan: If an individual already has a bad credit record and it is serious, he will no longer be able to apply for a loan at any bank in China. Bank application for loan.

2. Cannot apply for a credit card.

3. Restrictions on transportation: you cannot choose second-class or higher cabins on airplanes, trains, or ships; people with bad credit will not be able to purchase travel, travel, and travel through platforms such as Taobao, Tmall, Alipay, and China Car Rental. For vacation products, it is also impossible to book air tickets.

4. Restrict high consumption in hotels, hotels, nightclubs, golf courses and other places above star rating.

5. Limit paying high premiums to purchase insurance financial products.

6. Restrictions on renting high-end office buildings, hotels, apartments and other places for working.

7. Restrict the purchase of vehicles that are not necessary for business operations.

8. Restrict online shopping of luxury goods.

9. Restrict children from attending high-fee private schools.

10. If the defaulter is a natural person, he shall not serve as the legal representative, director, supervisor, senior manager, etc. of the enterprise.

What are the impacts and consequences of being a dishonest person?

The adverse effects and consequences of a dishonest person are mainly as follows:

1. The assets under your name are seized and auctioned.

2. High consumption is prohibited (high-end places such as hotels and golf courses with star rating or above are not allowed), and stock trading, house buying, and leaving the country are restricted.

3. Unable to go to banks or other financial institutions to apply for loans and credit cards.

4. Shall not serve as the legal representative, director, supervisor or senior manager of any company nationwide.

5. You cannot fly, you cannot buy soft sleeper seats on trains and second-class or above cabins on ships, you cannot take all seats on G-prefixed EMU trains, or first-class or above seats on other EMU trains, and you cannot buy private transportation. The car in my name cannot get on the highway.

6. Children cannot attend high-fee private schools (public schools can still enroll normally).

7. The list of dishonest persons subject to enforcement is synchronized with Sesame Credit.

8. The maximum sentence will be 7 years in prison (if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine; if the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than three years and not more than seven years, and shall also be fined) .

Legal Basis

"Several Provisions of the Supreme People's Court on the Publication of Information on the List of Dishonest Persons Subject to Enforcement"

Article 10

Has In any of the following circumstances, the people's court shall delete the untrustworthy information within three working days:

(1) The person subject to execution has fulfilled the obligations specified in the effective legal document or the people's court has completed the execution;

(2) The parties have reached an execution settlement agreement and it has been performed, etc.