Consequences of inability to repay corporate loans: 1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments. 2. If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement. 3. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law. 4. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.
Legal basis:
Article 83 of the Civil Law of People's Republic of China (PRC), the investor of a profit-making legal person shall not abuse the rights of the investor to harm the interests of the legal person or other investors. Whoever abuses the rights of the investor and causes losses to legal persons or other investors shall bear civil liability according to law. The investor of a profit-making legal person shall not abuse the independent status of the legal person and the limited liability of the investor to harm the interests of the creditors of the legal person. Whoever abuses the independent status of a legal person and the limited liability of the investor, evades debts, and seriously damages the interests of the creditors of the legal person, shall be jointly and severally liable for the debts of the legal person.
What if the corporate bank doesn't have loans overdue for the time being?
Legal analysis: if the bank loan is not due, you can apply for deferred repayment, installment payment and minimum repayment. At the same time, after consultation, we must abide by the repayment period, so as to protect our credit. In the meantime, borrowers should find ways to raise funds to repay bank loans, such as borrowing money from relatives and friends. Even if the bank agrees to postpone the repayment, there will be a final repayment time.
Legal basis: Article 675 of the Civil Code of People's Republic of China (PRC) stipulates that the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time. Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state. Article 677 Where the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period. Article 678 The borrower may apply to the lender for extension before the repayment period expires. If the lender agrees, it can be extended.
What if the corporate bank loan is not repaid?
Legal analysis: 1. If an enterprise cannot repay its debts due to the bank, the bank, as a creditor, can apply to the people for bankruptcy. 2. After the people's court accepts the enterprise bankruptcy application, it will appoint an administrator for bankruptcy liquidation. If the enterprise refuses to accept the bankruptcy ruling, it can appeal. If the other party has any objection after the payment order is issued, then you can only choose. The lawsuit of the company's arrears is applicable to the ordinary procedure of civil first instance in China.
Legal basis: Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China. If an enterprise as a legal person is unable to pay off its debts due, its assets are insufficient to pay off all its debts or it obviously lacks solvency, it shall clear up its debts in accordance with the provisions of this Law. An enterprise as a legal person may be reorganized in accordance with the provisions of this law if it has the circumstances specified in the preceding paragraph or obviously loses its solvency.
What if the company loan is not paid back to the bank?
First of all, the bank will contact the relevant enterprises by telephone to urge them to repay as soon as possible. If the enterprise defaults for a long time or even maliciously, the bank may file a lawsuit. If the loan enterprise still fails to repay the loan after the judgment, it may be enforced.
After an enterprise applies for a loan, it must repay the loan on time according to the contents agreed in the loan contract. If it is overdue, it will have a series of adverse consequences, affecting the credit of the enterprise, which is not conducive to the future production and operation of the enterprise, and is not conducive to the future financing activities.