If you can't repay the debts that other court decisions take effect, the court will freeze the property (house and car) in your name. On the premise that you can't negotiate with many creditors, the court has the right to auction the property under your name to pay off the debts you owe.

But after dealing with your property, it is still not enough to pay off your debts. That will freeze your account to ensure that your income will not be used by you, and then deduct it uniformly every year and quarter. And you will also be blacklisted for dishonesty and limit high consumption. So I advise you to deal with it actively, and it is best to negotiate if you can negotiate!