If it is true, it will sue, and if it fails to pay back the money, the creditor has the right to sue in the people's court of the defendant's domicile and demand the defendant to repay the debt. The statute of limitations for debt disputes is three years. If the repayment period is agreed, the limitation of action shall be three years from the date of the expiration of the repayment period. If there is no agreed repayment period, the other party shall be given a grace period, and the limitation of action shall be three years from the date of expiration of the grace period. After the expiration of three years, the right to win the lawsuit will be lost.

Legal analysis

If you owe money, you can only sue for it. If you owe money, it means that there is a debt relationship between the two parties. When prosecuting, you need to write a complaint first, and then submit the relevant evidence collected by yourself according to the needs of the case, so that the court can accept its own demands. The limitation of action is three years, that is, after three years from the date of repayment, the people's court will not protect it. However, if the debtor appears in court and does not raise the limitation defense, it is not limited by the three-year limitation at this time. If the two parties have not agreed on the loan term, according to the law, the creditor can ask the debtor to return it at any time, provided that the debtor is given a reasonable period. Therefore, IOUs are useful. As for prosecution, it is generally in the people's court where the defendant's domicile and habitual residence are inconsistent. If the defendant's domicile is not in this city, but he lives and lives in this city for more than 1 year, he may bring a lawsuit in this city. People who owe money and don't pay it back can take legal procedures to safeguard their rights and interests, but they must raise it within the time limit of litigation, so they need relevant legal evidence to implement it. Therefore, when dealing with it, they should deal with it according to the actual situation and choose an appropriate way to recover the debt.

legal ground

Article 119 of the Civil Procedure Law of People's Republic of China (PRC) must meet the following conditions: (1) The plaintiff is a citizen, legal person and other organization that has a direct interest in the case; (2) Having a clear defendant; (3) Having specific requests, facts and reasons; (4) It falls within the scope of civil litigation accepted by the people's court and is under the jurisdiction of the sued people's court.