Legal analysis: if you owe a bank loan of 600,000 yuan, you will not go to jail if you don't pay it back. However, the bank may apply to an arbitration institution for arbitration or bring a lawsuit to the court, and after winning the case, apply to the court for enforcement according to law. The court may take measures such as seizure, freezing, transfer and price change to enforce the debtor's property.

Legal basis: Article 2 of the Arbitration Law of People's Republic of China (PRC), contract disputes and other property rights disputes between citizens, legal persons and other organizations as equal subjects may be arbitrated.

People's Republic of China (PRC) Civil Procedure Law

Article 120 A complaint shall be submitted to the people's court, and copies shall be submitted according to the number of defendants.

Article 122 Where a civil dispute brought by a party to a people's court is suitable for mediation, it shall be mediated first, unless the party refuses to mediate.

Article 236 A legally effective civil judgment or written order must be fulfilled by the parties. If one party refuses to perform, the other party may apply to the people's court for execution, or the judge may transfer it to the person subjected to execution for execution.

Article 242 If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other properties of the person subjected to execution. From the relevant units. The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances.