However, if the bank finds that your father has clues about assets, it can bring a lawsuit to the court. When the court decides that your father is responsible for repayment but cannot repay in cash, you can freeze assets after the auction to pay off debts. Assets include bank card funds and real estate.
Personal loans are generally unlimited liability, but will not affect you. However, although the house is transferred to your name, there will be disputes after the arrears. If there is someone you can trust, you can transfer it to a third party, which can prove that there is a debt relationship between you. The house is the consideration for paying off debts, so it may be safer.
: 1. Charge penalty interest. If your credit card is overdue, the interest-bearing principal is the amount of each bill, and the interest-bearing days are from the bookkeeping date to the transaction settlement date, and the interest is calculated at the overdraft rate of 0.5 ‰ daily interest, with compound interest on a monthly basis. If the bank is in loans overdue, the overdue interest will be calculated according to the default interest rate.
Second, if you insist, you will be sued by the bank. If the borrower fails to pay back for a long time, the bank will take the borrower to court, and the court will judge the borrower to pay back the money. If the court refuses to execute the judgment, the court will include the borrower in the list of people who have lost their trust, and will take compulsory measures, even administrative detention of those who have the ability but do not repay. The general processing flow is as follows: the first step is to publicize the dunning and collect borrowers in the newspaper; The second step is to find a guarantor (if any) to negotiate repayment, and the third step is to sue. Take the loan materials kept by the bank to the court to sue the borrower and guarantor (if any); The fourth step is to wait for the court's decision, because the borrower has run away, and it will take about half a year here; The fifth step is execution, that is, execution of guarantor (if any) or auction of collateral (if any). If the loan cannot be fully repaid, there is a final step, which is "write-off" based on the final ruling of the court. Write-off means to write off this bad debt from the account with the profit reserve previously reserved by the bank. For borrowers, they are included in the Lao Lai list and are subject to various sanctions for life. .