Methods and consequences of not repaying money borrowed from the bank
1. If you really do not have the ability to repay, you should negotiate with the bank to extend the repayment period or repay in installments.
2. If the bank fails to fulfill the court judgment during the performance period after winning the lawsuit in court, it will apply to the court for compulsory execution.
3. When accepting compulsory execution, the court will inquire about the properties, vehicles, securities and deposits in the name of the lender in accordance with the law.
4. If the lender has no property available for execution and refuses to fulfill the effective judgment of the court, negative information such as overdue repayment will be recorded in the personal credit report and the person will be restricted from high consumption and entry and exit. , and may even be subject to judicial detention.
5. If you have the ability but refuse to execute, you are suspected of refusing to execute the judgment or ruling.
Article 313 of the "Criminal Law" stipulates that anyone who is capable of executing a judgment or ruling of a people's court but refuses to do so, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, imprisonment or fine.