Five households jointly guaranteed, one borrowed 200 thousand, and my family also borrowed 70 thousand. Now that the repayment period is up, the man has run away. What should my family do most?
If you sign the guarantee. Have joint and several liability for repayment. The guarantor repays the loan in the order of guarantee and repayment ability. If you can't pay back, you will find another guarantor. Procrastination is not the way. Court enforcement is not so easy. What you need to do most now is to find someone. Or we can discuss it. Check with the bank and see if you can postpone it. Wait till we find someone.