People who owe money are sued, and the court makes an effective judgment after hearing it, so that the debtor can repay within a certain period of time. If the debtor still fails to repay, the creditor may apply to the court for compulsory execution after the repayment period expires. Sentencing standard: fixed-term imprisonment of not more than five years and criminal detention. Peer-to-peer lending includes personal peer-to-peer lending (P2P peer-to-peer lending) and online microfinance. Personal peer-to-peer lending refers to direct lending between individuals through the Internet platform. Direct lending on personal peer-to-peer lending platform belongs to the category of private lending. Laws and regulations and relevant judicial interpretation norms in the Supreme People's Court. Network micro-loan refers to the micro-loan provided to customers by Internet companies through their holding micro-loan companies. Network microfinance should abide by the existing regulations of microfinance companies, give full play to the advantages of peer-to-peer lending, and strive to reduce the financing costs of customers. P2P loan business is supervised by China Banking Regulatory Commission. The supervision of online lending platforms, from up to five or six thousand to the end of June, is only 29, and the special rectification work may basically end at the end of the year and turn into regular supervision.

People's Republic of China (PRC) Civil Procedure Law

Article 236? 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.

Article 237? In the process of execution, if the two parties reach an agreement through self-settlement, the executor shall record the contents of the agreement in the record, and both parties shall sign or seal it.

If the application executor reaches a settlement agreement with the person subjected to execution due to fraud or coercion, or both parties fail to perform the settlement agreement, the people's court may resume the execution of the original effective legal document upon the application of the parties.

Article 238? In the process of execution, the person subjected to execution provides a guarantee to the people's court, and the people's court may decide to suspend execution and the suspension period with the consent of the applicant for execution. If the person subjected to execution fails to perform within the time limit, the people's court has the right to enforce the property guaranteed by the person subjected to execution or the property of the guarantor.

Article 239? If the person subjected to execution dies, the debts shall be paid off with his estate. Where a legal person or other organization as the person subjected to execution terminates, its rights and obligations shall be performed by its successor.