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Legal consequences of being sued for not repaying borrowed money

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Legal consequences of being sued for not repaying borrowed money


        

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  • 2024-06-04 20:00:01

    If the people's court is sued for not repaying the borrowed money, after accepting the application and reviewing the facts and evidence provided by the creditor, it will issue a payment order to the debtor within 15 days from the date of acceptance if the relationship between the creditor and the debtor is clear and legal. If the debtor refuses to repay, the creditor may apply for compulsory execution, and the court shall freeze and detain the debtor's property according to law.

    [Legal Basis]

    Article 223 of the Civil Procedure Law, after accepting the application, the people's court shall, after reviewing the facts and evidence provided by the creditor, issue a payment order to the debtor within 15 days from the date of acceptance if the relationship between the creditor and the debtor is clear and legal; If the application is untenable, it shall be rejected by a ruling.

    The debtor shall pay off the debt within 15 days from the date of receiving the order of payment, or raise a written objection to the people's court.

    If the debtor neither raises an objection nor performs the order of payment within the period specified in the preceding paragraph, the creditor may apply to the people's court for enforcement.

    A***

    2024-06-04 20:00:01

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