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For the case of non-repayment of owed money, our routine processing is as follows:

Determine the debt voucher.

Determine whether there is a related IOU or loan agreement for the arrears? Whether a repayment date has been agreed upon? If a repayment date has been agreed upon and the repayment date has not yet come, the other party may not repay it temporarily. If there is no agreed repayment date, you can ask the other party for the amount owed at any time. It is emphasized here that if a repayment date is agreed, the statute of limitations is 3 years, and if there is no repayment date, the statute of limitations is 20 years.

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Send a reminder letter to demand recovery

When the agreed repayment date is reached and the other party still does not repay, you can send it to the other party reminder letter. The reminder letter mainly states the repayment amount, the limited time limit for repayment, and other auxiliary terms. When issuing a reminder letter, it is best to use postal express because this requires the signature of the party concerned. Tip: In some cases, when the debtor receives a reminder letter, he will contact the lender and offer to repay the loan, so it is still useful.

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Prosecution and property preservation.

After urging, if the other party still fails to perform its repayment obligations, you can write a complaint and file a lawsuit in court. At the same time, apply for property preservation. This can effectively prevent the other party from transferring property. Check the debtor's property status (amount of funds in each bank card, real estate, vehicles, etc.) through the court. Based on your appeal and relevant information, the court will schedule a court date, hold a hearing, and issue a judgment. Important reminder: If the other party does not answer the phone or disappears, you need to check the other party's true identity information. Generally, it can be found through the Public Security Bureau based on the name, phone number, and approximate residence. Even if the other party does not appear in court, a default judgment can be made. It does not mean that the case cannot be filed if the person cannot be contacted.

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Apply to the court for enforcement.

After the court issues a judgment, if the other party still fails to perform, it can apply to the court for enforcement. As long as the other party has property, it can basically be recovered. This is why you apply for property preservation when suing. Anyone who maliciously transfers property and refuses to implement the court's judgment may constitute a criminal offense and may be held criminally responsible. For the crime of refusing to execute a sentence, if the circumstances are particularly serious, the person may be sentenced to up to 7 years in prison and fined.

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If the other party has no money to pay back, the role of the lawsuit:

(1) The statute of limitations is due to the filing of a lawsuit, and one of the parties makes a request or agrees If the performance of obligations is interrupted, the statute of limitations period will be recalculated from the date of interruption;

(2) Check the debtor's property status through the court, know yourself and the enemy. In real life, debtors often "cry poverty" and give creditors Create the illusion that the debt cannot be repaid. Through the court's online investigation, you can clearly know the debtor's property status (the amount of funds in each bank card, real estate, vehicles, etc.);

(3) Blacklist the debtor and restrict high consumption. Force the debtor to repay;

(4) sue, enforce the judgment, apply to the court for an investigation order, and collect property evidence;

(5) If the other party maliciously refuses to repay, the judgment will be effective for two days If you do not repay the money within the year, you can apply to the court for enforcement. If the other party insists on not repaying the money, the bailiff can detain the party concerned.