Legal analysis: 1. If the loan is guaranteed, the guarantor will bear your loan. If the guarantor cannot afford it, he will go through legal procedures and apply for asset preservation. 2. If the loan is secured by collateral, the collateral will be disposed of. If it is not enough to pay the loan, legal procedures will be taken to apply for asset preservation. 3. If the loan is a credit loan, directly apply for asset preservation and fund freezing.
Legal basis: Article 16 of the Enterprise Bankruptcy Law of the People's Republic of China. After the people's court accepts the bankruptcy application, the debtor's debt repayment to individual creditors is invalid.