The bank can seal up your house to pay off the debt you owe to the bank credit card.
Details are as follows:
1. According to Chinese laws, banks can seal up property through legal procedures to ensure that borrowers pay off their debts.
2. First, the bank will bring a lawsuit to the court and show your debt evidence, including the amount owed and your loan agreement.
The court will decide whether to allow the bank to seal up your property according to the review and judgment in the course of litigation.
4. If the bank obtains the seizure permission of the court, you can seize your property through the relevant departments.
5. After the seizure, the property cannot be disposed of or transferred freely before the debt is paid off or a debt restructuring agreement is reached with the bank.
6. If you can't repay your debt or reach an agreement with the bank, the bank can repay your debt by auctioning or selling property.
Summary:
According to the law of our country, if your credit card debt to the bank exceeds 654.38+million, the bank has the right to seal up your property to pay off the debt.
Extended data:
1. Seizing up real estate is a common means to protect the interests of creditors and force debtors to perform their debts.
2. According to the laws and regulations of different regions, the procedures for sealing up real estate will be different. Specific procedures and requirements can be consulted with local legal professionals.
I hope the above answers are helpful to you. If you have any other questions, you can keep asking.