Four ways to deal with too much debt and unable to repay it are as follows:

1. Ask relatives and friends for help

If you owe too much debt and cannot repay it, you can ask for help at this time. The family members confessed and told the truth. Seek help from relatives and friends to help you get through this temporary difficulty, and promise that you will pay back the debt slowly in the future. If necessary, you can also write an IOU.

2. Selling property

If you have real estate or vehicles in your name, you can sell the money first to repay the money. You can buy these things later. You need to get through the immediate difficulties first. . This method can solve an urgent need, but it is also a last resort.

3. Increase revenue and reduce expenditure

You must have a good job that allows you to continue to have funds in your account, so that you can slowly get out of trouble. At the same time, your daily living expenses should be reduced. Don’t spend what you can’t afford. Make a plan to save money and pay off the debt first.

4. Negotiate repayment

Whether it is an individual creditor or a lending institution, don’t avoid the repayment problem first. The money you owe must always be repaid. Express your good willingness to repay, then explain your current situation, and negotiate for deferred repayment or installment repayment to reduce your repayment pressure. Generally, they will agree to the installment if you don't repay the loan. After all, blindly forcing you cannot solve the problem very well.

Notes on owing too much debt and being unable to repay it

If you owe too much debt and are unable to repay it, you can ask your creditors for repayment in installments, deferred repayment or debt relief. If the other party does not agree to postpone or reduce the debt and wants to sue the debtor, then after suing, you need to actively respond to the lawsuit and strive to achieve the purpose of installment repayment or time limit repayment in court.

If the other party does not agree to postpone or reduce the debt, the court will not support it and will repay all the debt within a time limit. If you are able to repay but refuse to pay, the creditor can apply for enforcement. But enforcement will not lead to jail time because civil liability does not involve criminal issues.

If the debtor really has no money to repay, even if the other party wins the lawsuit, the court enforcement officers know that you cannot enforce the law without money. Only if you have money and refuse to return it, can the court arrest you (including judicial detention or criminal liability for refusing to fulfill an effective judgment).