1. Negotiate with the debtor to obtain the details of the other party and extend or reduce the debt appropriately.
If you don't agree to postpone or reduce the debt, the debtor may take an extension. If you go to court, it usually takes half a year to a year for the debtor.
There is really no money to pay back. Even if the lawsuit is won, the court executor knows that the debtor can't execute it without money. Only when the debtor refuses to pay back the money can the court arrest people (including judicial custody or be investigated for criminal responsibility for refusing to perform the effective judgment).
Legal basis: Civil Code of People's Republic of China (PRC).
Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.
Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.
Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.
Article 678 The borrower may apply to the lender for extension before the repayment period expires. If the lender agrees, it can be extended.