Parties who owe more than 30,000 yuan will be prosecuted, but they will not go to jail first. The creditor may negotiate with the debtor and ask him to repay the money within a reasonable period of time; If the debtor refuses to pay, the creditor may bring a lawsuit to the court according to law, and after winning the case, he may request the court to enforce it according to law.
Legal objectivity:
People's Republic of China (PRC) Arbitration Law
second
Contract disputes and other property rights disputes between citizens, legal persons and other organizations with equal subjects may be arbitrated.
People's Republic of China (PRC) Civil Procedure Law
Article 123
The prosecution shall submit a complaint to the people's court, and submit copies according to the number of defendants.
People's Republic of China (PRC) Civil Procedure Law
Article 125
Where mediation is applied to a civil dispute brought by a party to a people's court, mediation shall be conducted first, unless the party refuses to mediate.
People's Republic of China (PRC) Civil Procedure Law
Article 243
A legally effective civil judgment or ruling must be fulfilled by the parties concerned. If one party refuses to perform, the other party may apply to the people's court for execution, or the judge may transfer it to the person subjected to execution for execution.
People's Republic of China (PRC) Civil Procedure Law
Article 249
If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other property of the person subjected to execution from the relevant units. The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances.