Legal analysis
If you owe a bank loan, you will not be prosecuted; Loans will not face the following four situations: 1. The bank loan officer will continue to call the company for dunning; 2. The loan will be deducted; 3. The bank will safeguard its rights and interests through legal procedures, including auctioning collateral or enterprise assets and recovering the joint liability of the guarantor; 4. Loans from other financial institutions will not be available, and there will be bad records in the personal credit information system. If it is not returned, the record will be kept. If it has been returned, the bad record will be cancelled after five years. If you don't repay the loan, you will be sued. If you can't find the defendant, you will find the sued family. The consequences of not paying back the money borrowed from microfinance companies; 1. If it is really unable to repay, it shall negotiate with the credit company to extend the repayment period or return it in installments. 2. If the credit company fails to perform the court's judgment within the performance period after suing the court and winning the case, it will apply to the court for enforcement. 3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law. 4. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, which will restrict high consumption and entry and exit, and may even lead to judicial custody. 5. Refusing to execute a judgment or ruling is suspected of refusing to execute a judgment or ruling. If the loan is not repaid, the first thing you encounter is a high penalty interest. On the basis of penalty interest, some financial institutions also need to pay liquidated damages. These expenses add up, but they are not a small expense. If you don't want to get into the mire of loans, you must develop good repayment habits.
legal ground
Article 313 of the Criminal Law of People's Republic of China (PRC) refuses to execute the judgment or ruling of the people's court, and if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.