The company loan has not been repaid. I am the legal representative. What responsibilities do I need to take?

The key to this situation depends on whether you are a shareholder of the company and the nature of the company. If the company is a limited liability company (which is generally the case now), you are the shareholder of the company, and you need to bear the responsibilities within the scope of your contribution; If you are not a shareholder, but a simple legal person, you don't have to bear any responsibility.

What are the consequences of the loan money?

1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay by installments.

2. If the lending institution fails to perform the judgment of the court within the performance period after suing the court and winning the case, it will apply to the court for enforcement.

3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law.

4. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, which will restrict high consumption and entry and exit, and may even lead to judicial custody.

Extended data:

Legal representative and legal representative are two different legal concepts.

The legal representative can also be called the authorized representative of the legal person. This representative can be a or b, and he is not fixed, depending on the authorization of the person. This authorization can be one thing at a time or a series of things.

The legal representative must be the person in charge of the legal person organization and be able to exercise his functions and powers on behalf of the legal person. "General Principles of Civil Law" stipulates: "According to the law or the articles of association of a legal person, the person in charge who exercises functions and powers on behalf of a legal person is the legal representative of the legal person." The legal representative can be a director or manager, or a chairman or director-general, depending on how the law or the articles of association stipulate. The legal representative represents the interests of the enterprise as a legal person and exercises the rights of the legal person according to the will of the legal person.

According to the Company Law, the legal representative of the company shall be the chairman, executive director or manager in accordance with the articles of association, and shall be registered according to law.

"Legal representative" refers to a natural person who represents the behavior of an enterprise as a legal person.

References:

Baidu Encyclopedia-Legal Representative