I am a legal person of the company, and I borrow money with things as collateral in the name of the company. If the company is unable to pay back the money, what impact will it have on me personally?

I am a legal person of the company, and I borrow money with things as collateral in the name of the company. If the company is unable to pay back the money, what impact will it have on me personally? Will it freeze? The main body of the loan is the company, and all the objects that repay the debt first are the company. If the company has no repayment ability, then as a shareholder, it should bear corresponding responsibilities according to the shares. As a shareholder or legal person, if he refuses to pay the repayment, he can enforce it or freeze it.

Legal analysis

The people's court shall, in accordance with legal procedures, use the state's coercive power, and specify specific implementation contents according to legally effective documents to force civil obligors to perform their obligations and ensure the realization of creditors' rights. The legally effective documents include, but are not limited to, civil judgments, rulings on the realization of security interests, rulings confirming mediation agreements, and payment orders. Once it takes effect, the obligor shall perform it automatically. Refuses to perform, the creditor may apply to the people's court for compulsory execution. If an individual holds the property applied for execution and the people's court notifies him in writing to assist in execution, he has the obligation to execute it in accordance with the provisions of the notice. Those who shirk, refuse or obstruct the execution without reason, thus causing serious consequences, shall bear legal responsibility. The execution of the people's court shall be based on legal documents. Legal documents must have legal effect, and those without legal effect cannot be used as the basis for implementation. Legal documents should also have the content of payment. If you just confirm or change the legal relationship, you don't need to implement it.

legal ground

Article 242nd of the Civil Procedure Law of People's Republic of China (PRC) * * * 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 properties 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. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform. When the people's court decides to seal up, freeze, transfer or change the price of property, it shall make a ruling and issue a notice of assistance in execution, which the relevant units must handle.