What does Lao Lai mean?

Lao Lai never pays back the money he owes others. Even if he has money, he tries his best to shirk it, or pretends that he has no money. In fact, he has all kinds of consumption. Then the debt collector sued the court, and the court gave him a credit report to his famous Lao Lai. In the future, when his children grow up and go to school, their housing will be affected.