1. The court will enforce it, and the assets under Lao Lai's name will be seized and auctioned:
Including real estate, deposit income, etc. , and bank cards, Alipay, WeChat and other accounts will be frozen. And the pension can also be frozen or withheld, but the people's court will first reserve the necessary living expenses for the executed person and his dependent family.
Minor children also have real estate under their names. If the court comprehensively analyzes the time of purchase and the registration of property rights and finds that the ownership belongs to Lao Lai, it can also force the evaluation of the auction; And the spouse's property can also be executed. Even if it is recognized as personal debt, the court can evaluate the auction according to law, but half of it will be left to the spouse after the auction.
2. the Supreme People's Court signed a memorandum of cooperation with Sesame Credit to punish Lao Lai Credit:
Restrict Lao Lai through the Internet and other channels, including consumer finance, credit cards, hotels, renting houses, renting cars, online shopping and other scenarios.
3. High consumption is limited:
Not allowed to consume in hotels, hotels and other places above the star level; It is also forbidden to speculate in stocks, leave the country and buy real estate.
4. Travel by land, sea and air is blocked:
Unable to fly, as well as all seats of G-prefix EMU trains, first-class and above seats of other EMU trains, soft sleeper of trains (including advanced soft sleeper) and second-class and above cabins of ships. And you can't buy private cars and private jets.
Mainly influenced by Lao Lai's ban on high consumption, the purpose of the court is to urge Lao Lai to fulfill his obligations as soon as possible, rather than restricting his children's legitimate right to education. He shall not be the legal representative, director, supervisor or senior manager of any company nationwide.
Legal basis: Article 254 of the Civil Procedure Law of People's Republic of China (PRC). After the people's court has taken the enforcement measures specified in Articles 242nd, 243rd and 244th of this Law, if the person subjected to execution is still unable to repay his debts, he shall continue to perform his obligations. If the creditor finds that the person subjected to execution has other property, he may request the people's court for execution at any time.