Useful installment company went bankrupt, can I not pay back the borrowed money?

No, this is a loan relationship, and this relationship will not disappear because of the collapse of the platform, because as long as the creditor has the right to ask the debtor to pay back the money. Even if the online lending platform goes bankrupt, as long as another company takes over the merger, the creditor's rights relationship will be automatically transferred to the taken-over company. So, if you don't pay, someone will still come to collect debts.

Formal and legal online lending companies are still valid regardless of business adjustment or poor management, and debtors have the responsibility to continue to fulfill their repayment obligations.

However, black online lending companies are generally small in scale. Generally, several people buy an audit system and earn millions. Outsourcing an APP, calling itself an "online loan company". The relationship between such companies is very simple, that is, the relationship between the black platform and the debtor, but the platform means everything, such as ultra-high interest, violent collection, verbal intimidation, beheading and so on. This kind of company has been investigated, because the amount of a single loan is small and the customers are few and scattered, so the significance of recovery is actually not great. The investigation mainly focuses on the investigation of illegal activities of black platforms, such as illegal lending and violent collection.

However, this does not mean that the debtor can evade the debt. The debtor can still report the black platform, the repayment of repayment, the black platform can report personal information, make verbal attacks, and even file a lawsuit against its illegal behavior.

No debt can be evaded, but within the framework of legal compliance, you can fulfill your due repayment obligations without paying a penny more.

According to the enterprise bankruptcy law:

Article 113 (effective as of June12007) stipulates:

After paying off the bankruptcy expenses and debts first, the bankruptcy property shall be paid off in the following order:

(1) Wages, medical care, disability allowance and pension expenses owed by the bankrupt to employees, basic old-age insurance and basic medical insurance expenses owed to employees' personal accounts, and compensation that should be paid to employees according to laws and administrative regulations;

(2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph;

(3) Ordinary bankruptcy claims.

If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion.

The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise.