How do you pay off your business debts when you are in debt?

Not only did you not make money in business, but you were in debt, which is normal, so don't be disheartened, if you lose money, you should calm down and think about what to do next? Don't think about repaying the debt first, think about how to make money again, how to repay your account if you don't make money, cranky thinking, grogginess can't solve the problem.

We have a neighbor here, surnamed Li, ranked second, and everyone calls him Li Ercan, and he is very good at business. He is almost seventy years old, and he has built two houses for his two sons in his life, and both have married daughters-in-law. The sons are all earning money at home, and the eldest son is in business and buying clothes.

The second child drove the transport. The old couple stopped doing business, so they opened a small shop at home. Although they can't make much money, the old couple is thirsty.

It's all very comfortable.

When the old man first opened up, he sold dried melons, and at that time, he sold and bought good dried melons and earned more than 100,000 yuan. At that time, money was money, and it was distributed all at once. But I also suffered a lot, and in the middle of the night, I also loved a lot of sins through ups and downs.

In the future, I couldn't sell land, so I changed my career to sell clothes, shoes and hats from Linyi, and I made a fortune by catching up with four episodes. Although it is said that I have not experienced much failure, I have gone all the way. It's also very hard.

It means that anyone who wants to do business is to make money. But business is risky, and not everyone can do it. As the saying goes, "ten years to learn a talent, ten years to learn to sell and buy", it is not easy to do business.

The first thing is to consider whether the individual has that ability, if you just think about it, you can eat a few bowls of dry rice by yourself, only you know. If you don't have the ability, you don't have a clear goal, you do it blindly, if you don't pay, who will pay?

If you lose, you will lose! Draw money from it, and don't let the accounts crush the mind. Calmly think about what to do next?

What else can you do? Think about your next course of action. If you really can't think of it, just think about doing a small business, don't think about eating a fat man.

Think small and take your time one step at a time. Considering that as long as it is better than a part-time job, it is necessary to earn it step by step if you are in debt. As long as you earn it, there is hope, and the creditor is not afraid to pay it back.

If you find a good way, maybe the creditor will continue to help you.

Therefore, you must cheer up and do it well, as long as you do it, you hope, no matter how much you think about it, as long as you don't do it, it is equivalent to thinking in vain, understand!

Entrepreneurship is also divided into a variety of situations, there are desperate loans to start a business, there is a small capital investment, there is also a way of joint stock cooperation, in short, the final success or failure of the project is whether there is a market, whether the partners can live together and manage the team, once it fails, most people need to fall down for a period of time, therefore, the poor entrepreneurship is the process of changing fate, but it may also be to let yourself fall into the stage of debt If the business is losing money and is in debt, even affecting the family, then this failure is very painful, After all, because he is facing a desperate choice, once his family is also implicated, he will definitely be more troubled and confused, and pain will accompany him.

If you owe a lot of debt, then you have to work hard to make money, and maybe you can find another opportunity to make a fortune to pay off these debts.

Stop the current business and find another way out to make money to pay off this debt.

Here's how to do business and be unable to repay your debts:

1. If you are temporarily unable to repay your debts, you can negotiate with creditors to repay in installments, postpone repayment or reduce debts.

2. If the other party does not agree to extend or reduce the debt and wants to sue the debtor, then after the lawsuit, it is necessary to actively respond to the lawsuit and strive to achieve the purpose of repayment in installments or within a time limit in court.

3. If the other party does not agree to extend or reduce the debt, and the court does not support it, the entire debt will be repaid within a time limit. If the creditor is able to repay but refuses to pay, the creditor may apply for enforcement. But enforcement does not go to jail because civil liability does not involve criminal issues.

4. If the debtor really has no money to repay, even if the other party wins the lawsuit, the court enforcer knows that you cannot enforce without money. Only if you have the money and refuse to return it can the court arrest you, including judicial detention or criminal liability for refusing to comply with a valid judgment.

5. In accordance with legal procedures, the people's courts shall use the coercive power of the state to clarify and specify the specific enforcement content of the legally effective documents, and compel the civil obligor to complete the obligations it undertakes, so as to ensure that the rights of the right holder can be realized.

Extended information: 1. There are many ways to execute: there are execution deposits, execution income, execution property, property search, forced delivery, moving out of the house, etc.

2. If the debt should be repaid, but it is temporarily unable to repay, the debtor may repay it in installments with the consent of the creditor or the ruling of the people's court. and where they have the ability to repay and refuse to repay, the people's court is to make a judgment to compel repayment. It follows that it is certain that the debtor must repay the debt.

3. If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase them at the request of the parties; Where the agreed liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties.

Failure in business investment should be faced correctly:

First, do a good job of coping with the plan, such as credit card overdue (you can do installments up to 60 installments), online loan overdue, you can save enough for one-time repayment and negotiate only the principal repayment, the loan is overdue and the creditor is good enough, and at least you will not sue if you repay a little bit a month, so that you can pay off your arrears slowly through long-term efforts.

Second: do a good job of coping with the plan, distinguish the debt into which ones are more urgent, which ones can be relieved, and do a good job of installment if they are more urgent.

Negotiate well without urgency, communicate well, and solve it slowly.

Let go of the tangled and let go of the bottom Working hard to make money is the best way to deal with it, collection will not eat people, some collections are inhumane, but there are many people, it is still understandable.

Fourth: soothe the emotions of the family and appease the family well

Fifth: Plan well and work hard to go ashore.

I hope it will be useful to you, and if it is useful, please like and pay attention to it

Thank you!

If you have too many business debts, you can repay the loan on time according to the loan contract, and if you are unable to repay the debts when due, you can take the initiative to negotiate with the creditor and sign a contract for installment repayment to relieve the financial pressure. Alternatively, a contract for deferred repayment can be negotiated with the creditor. If the debtor fails to repay the debt when due, the creditor may file a lawsuit with the court, take measures such as property preservation, and may even be included in the list of dishonest persons, so it is better to repay the debt on time.

1. What are the consequences of being sued for overdue online loans?

The consequences of being sued for overdue online loans include:

1. Failure to perform the provisions of the judgment on time will result in penalty interest.

2. It may be applied for enforcement, and the court will enforce the debtor's property in accordance with the law.

3. They may be included in the list of judgment defaulters, affecting the study and life of individuals and families.

If the online loan is overdue, the debtor should repay the loan as soon as possible, and the creditor's main purpose is to let the debtor repay the loan and repay the loan owed, so it will naturally not be sued. Otherwise, the debtor needs to be prepared to respond to the lawsuit. If the sued party is unable to repay, it can be repaid in installments, and if there are other assets, the assets can be repaid.

If the online loan is overdue, you will not go to jail. If the online loan is overdue, you don't need to bear civil liability, and jail time is a criminal punishment, and you don't need to bear criminal punishment if the online loan is overdue. Creditors of online loans may apply to the people's court for property preservation, payment orders, or file a lawsuit, and may also apply for compulsory enforcement after winning the lawsuit.

2. What should I do if the company owes money and has no money.

If the arrears are unable to be repaid, the debtor may negotiate with the creditor to repay the loan in installments, postpone repayment or reduce the debt. If the creditor has sued the debtor, the debtor should actively respond to the lawsuit and strive to achieve the goal of repayment in installments or reduction of repayment in court. If the creditor does not agree to repay the loan in installments, deferred or reduced or reduced, after the court decides in favor of the creditor, the creditor may apply for enforcement of the debtor's property in accordance with the law in accordance with the clear and specific content of the judgment in the legally effective document.

The court will, on the basis of the creditor's application or ex officio, include the debtor in the list of dishonest persons, and restrict high consumption until all the creditor's claims are paid.

Legal Analysis: There are many debts in business, and the debts should be paid off. If the debtor is temporarily unable to pay off the debts, the debtor may repay the debts in installments with the consent of the creditor or the ruling of the people's court.

However, where there is still the ability to repay and refuses to repay, the people's court shall make a judgment to enforce it. Creditors have the right to apply for enforcement. The debtor can also file for bankruptcy and liquidation.

Bankruptcy means that when all the debtor's property is unable to pay off the debts due, the creditor will give equal compensation to all the debtor's property through certain procedures, so that the debtor can discharge other debts that cannot be discharged, and the court will declare bankruptcy and dissolution.

Legal basis: Civil Code of the People's Republic of China

Article 675:The borrower shall return the loan within the agreed time limit. Where there is no agreement on the term of the loan or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may demand the borrower to return it within a reasonable period of time.

Article 678 The borrower may apply to the lender for an extension of the loan period before the expiration of the repayment period; If the lender agrees, it can be extended.

1. When doing business, if others owe money and do not repay it, the creditor can sue the court in time to require others to repay. After winning the lawsuit, if the other party fails to perform the court judgment at the expiration of the performance period, the creditor can apply to the court for enforcement. However, once the statute of limitations has expired, the right to prevail may be lost.

2. Legal basis: Article 119 of the Civil Procedure Law of the People's Republic of China stipulates that the following conditions must be met for prosecution:

1) The plaintiff is a citizen, legal person, or other organization that has a direct interest in the case;

2) There is a clear defendant;

3) There are specific litigation claims, facts, and reasons;

4) It is within the scope of civil litigation accepted by the people's court and the jurisdiction of the people's court receiving the lawsuit.

2. Will you go to jail if you don't pay back the money you owe?

If you owe money and don't pay it back, you won't go to jail. If you owe money, you don't need to bear civil liability, and jail is a criminal punishment, and you don't have to bear criminal punishment if you owe money. Creditors who owe money and do not repay it may apply to the people's court for property preservation, payment orders, or file a lawsuit, and may also apply for compulsory enforcement after winning the lawsuit.

If the person subject to enforcement fails to perform the obligations set forth in the legal document in accordance with the enforcement notice, the people's court has the right to inquire about the property of the person subject to enforcement, such as deposits, bonds, shares, and shares.

The people's courts have the right to seize, freeze, transfer, or sell the property of the person subject to enforcement according to different circumstances. People's courts must not inquire about, seize, freeze, transfer, or sell property beyond the scope of the obligations that the person subject to enforcement shall perform.

When a people's court decides to seize, freeze, transfer, or convert property, it shall make a ruling and issue a notice of assistance in enforcement, and the relevant units must handle it.

Legal Analysis: There are two different situations in which the debtor is unable to repay: one is temporary insolvency.

If this is the case, the debtor may repay the debt in installments in accordance with the relevant provisions of the General Principles of the Civil Law. The other is permanent insolvency. In the case of permanent insolvency, the debtor's personal existing property can only be satisfied.

Legal basis: Article 108 of the General Principles of the Civil Law of the People's Republic of China Debts shall be repaid. If it is temporarily unable to repay, with the consent of the creditor or the ruling of the People's Law Court, the debtor may repay it in installments.

and where they have the ability to repay and refuse to repay, the people's court is to make a judgment to compel repayment.