Legal analysis: Under normal circumstances, the shareholders or senior executives of a joint stock limited company do not need to repay their debts, unless they provide guarantees for the company's debts, or withdraw the company's funds and evade debts. In these special circumstances, they need to bear. Strictly speaking, under the guarantee, private property is needed to pay off debts, which is the guarantee responsibility, and the transfer of funds from the company only needs to return the company's money, which is originally the company rather than private property.
Legal basis: Article 199 of the Civil Procedure Law of People's Republic of China (PRC), if an enterprise as a legal person is unable to pay off its debts due to serious losses, the creditor may apply to the people's court for declaring the debtor bankrupt to pay off its debts, and the debtor may also apply to the people's court for declaring bankruptcy to pay off its debts.