1. The creditor issues a collection notice to the borrower, requiring repayment.

2. The creditor will file a lawsuit with the People's Court in accordance with the law, requesting confirmation of the calculation validity of the loan contract and requesting the borrower to perform its repayment obligations.

3. The court confirms that the loan contract is valid and the borrower should perform its repayment obligations. The court will judge the borrower to pay the arrears and interest and specify a certain period of time to perform the repayment obligations.

4. Creditors can request the court to enforce the judgment and take coercive measures to recover arrears.

5. Creditors can also apply for bankruptcy liquidation to the People's Court.