According to the contract signed at the time of credit card processing, the issuing bank will sue the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of the debtor and sealing up the pledged property.
After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to pay off the debts of the bank.
Specifically, it includes: default of principal, default of interest, overdue interest, default interest, all litigation costs arising therefrom, and related expenses incurred when disposing of pledged property.
If the person subjected to execution has the ability to perform and fails to perform the obligations specified in the effective legal documents, and under any of the following circumstances, the people's court shall include him in the list of people subjected to execution for dishonesty and impose credit punishment on him according to law.
(1) Obstructing or resisting execution by forging evidence, violence or threats;
(2) evading execution by means of false litigation, false arbitration or concealing or transferring property;
(3) Violating the property reporting system;
(4) Violating the order of restricting high consumption;
(five) the person subjected to execution refuses to perform the execution settlement agreement without justifiable reasons;
(six) other people who have the ability to perform and refuse to perform the obligations specified in the effective legal documents.
Actions that can be taken against people who break their promises:
First, some high-consumption behaviors are prohibited, including sleeping on planes and trains;
The second is to implement other credit punishments, including restricting loans from financial institutions or handling credit cards;
Third, if the person subject to execution is a natural person, he shall not be the legal representative, director, supervisor or senior manager of the enterprise.