Current location - Loan Platform Complete Network - Bank loan - What should I do if I am sued for being unable to repay my loan?
What should I do if I am sued for being unable to repay my loan?
1. What should I do if I am sued for my inability to repay?

1. The way to deal with the inability to repay the sued loan is as follows:

(1) The parties may negotiate with the creditors to repay by installments or postpone repayment;

(2) When the salary is not enough to pay off the debt, you can first negotiate with the creditors in good faith, and if an agreement is reached, you can agree to repay the debt by installments or extend the repayment period;

(3) If no settlement can be reached through negotiation, it shall be settled through a court session, and the court shall make a judgment according to the specific property situation of the debtor and the requirements of the creditor.

2. Legal basis: Article 236 of People's Republic of China (PRC) Civil Procedure Law.

If the person subjected to execution or the property subjected to execution is in other places, the local people's court may be entrusted to execute it on his behalf. After receiving the power of attorney, the entrusted people's court must start execution within 15 days and may not refuse. After the execution is completed, the people's court shall be informed of the execution results in writing in a timely manner; If the execution is not completed within 30 days, the entrusted people's court shall also be informed of the execution.

If the entrusted people's court fails to execute it within 15 days from the date of receiving the power of attorney, the entrusted people's court may request the people's court at a higher level of the entrusted people's court to instruct the entrusted people's court to execute it.

Second, whether detention is applicable to non-repayment of debts.

1. If the other party owes money, it can bring the relevant loan voucher to the people's court and let the court judge the other party to perform the debt. After the court makes a judgment, the parties may apply to the court for the other party to execute the judgment;

2. If the other party has property and refuses to pay back the money, then the court will seize the other party by compulsory execution and let the other party execute the judgment;

If the other party has no property and can't execute it, then the court can't detain him at this time.