Usually, the amount of personal debt is large, which means that personal debt exceeds its normal repayment ability. If it is not paid off at maturity, it means that there are unresolved civil disputes, which may bring harm to the interests of the company. Generally speaking, as long as you have a large amount of debts that have not been paid off at maturity, you can consider that you are insolvent.
Usually, if the defendant is unable to repay the debt, it can be solved by the following methods:
1. With the consent of the creditor, the debt can be repaid in installments. The debtor may be allowed to repay by installments after the judgment of the creditor or the court. If you have the ability to repay and refuse to repay, the court will force you to repay;
2. Creditors have the right to apply for enforcement;
3. If it is an enterprise, it is necessary to apply for bankruptcy and conduct bankruptcy liquidation.
Article 224 of the Civil Procedure Law of People's Republic of China (PRC) shall be executed by the people's court of first instance or the people's court of the place where the property is executed at the same level as the people's court of first instance. Other legal documents stipulated by law to be executed by the people's court shall be executed by the people's court in the place where the person subjected to execution has his domicile or where the property subjected to execution is located.
Article 107 The people's court may order the applicant to provide a guarantee. If the applicant cannot provide a guarantee, the application shall be rejected. If the applicant loses the case, it shall compensate the respondent for the property losses suffered due to the prior execution.
Article 158 In a simple civil case, the plaintiff may bring a suit orally.
Both parties may at the same time request the grassroots people's court or the court dispatched by it to resolve the dispute. The basic people's court or the court dispatched by it may hold a hearing immediately or hold another hearing.
Article 125 The people's court shall send a copy of the indictment to the defendant within five days from the date of filing the case, and the defendant shall submit a reply within fifteen days from the date of receiving the indictment. The defense shall specify the defendant's name, gender, age, nationality, occupation, work unit, residence and contact information; The name and domicile of the legal person or other organization and the name, position and contact information of the legal representative or principal responsible person. The people's court shall send a copy of the defense to the plaintiff within five days from the date of receiving the defense.
If the defendant fails to submit the defense, it will not affect the trial of the people's court.