What should I do if I owe millions to the bank and can t pay it back, will I go to jail?

As long as your loan procedures are legal and there is no fraud, that is, the loan cannot be repaid, and you will not go to jail, but the bank will definitely sue you, and then the court will seize your property, including all your property such as car real estate deposits, if you don't have it, the court can only negotiate with you to repay the loan in installments, and if you can't install, the court can only limit your high consumption.

If you don't pay it off in time, you will definitely go to jail, and the plaintiff will be asked to provide a written receipt. There are two different scenarios in which the debtor is unable to repay, which is also the hope of the heart. The bank will also sue the cardholder, and this is at the bank's discretion.

Jail time may be imposed in the following cases: Generally not jail. If you overdue, you will have a bad credit record, but it is basically impossible to go to jail, and the court is helpless.

If the bank does not prosecute, it should not go to jail. The debtor is not in the court and there is nothing the court can do. It's up to the bank to decide for itself and there will certainly be no jail time.

Generally, you will not go to jail, and you should not go to jail for not returning it after collection by the card-issuing bank. The bank will send someone to negotiate a settlement.

Yes, because you owe too much money and the bank has negotiated many times without success, it will sue you for malicious fraud, and if you are convicted of the crime and you are unable to repay the loan, you will have to bear legal responsibility.

When you finish jail, you still have to continue to repay.

Millions owed to the bank are unable to repay, and if the bank sues, you will go to jail. It is only natural to repay debts. If you play a scoundrel, you can only be punished with imprisonment.

You owe the bank millions and can't repay it, millions are not a small amount, if you have a property mortgage, you can slow down, and it is natural to borrow money to repay the money and kill people to pay off your life. If you don't have the strength to pay back, you will definitely go to jail.

Hello friend, this is possible, because the amount is very large, and if you are unable to repay, you must first enforce your property, if you don't have property, see how the court decides.

Good luck.

If it's not credit card debt, you won't go to jail.

Civil debts, which do not give rise to criminal liability.

If you maliciously fail to repay, the bank will definitely go to jail if you are held responsible. If you are indeed unable to repay. It shouldn't put you in jail, and it will make you make money outside to pay him back.

What should I do if I owe millions to the bank and can't pay it back, will I go to jail? Oh, hey, you owe millions to the bank, it's scary to hear, first of all, it must be a mortgage on the house, and if you don't pay it back, you will definitely go to jail, so don't borrow so much money if you don't have the ability.

You owe so much money to the bank, what you have to do now is how to repay the money, as long as the bank does not sue you, the law will not sanction you, or think of a way, or smash the pot and sell iron to pay back the money first.

If you really can't repay the sentence, it's certain, and if you come out with the sentence, you still have to pay back, this is the law.

This is an economic case. An economic case is not a criminal case. Of course, there is money that maliciously does not return. Theory. So you have to have. Sheung Wan's idea, tell the other party, I want to pay it back, but I don't have the money.

Legal Analysis: Inability to repay bank loans is just a civil dispute and will not go to jail.

If the bank sues the court and returns to the court for judgment, the debtor does not perform the court judgment, and the bank can apply to the court for enforcement. If the debtor has the ability to perform the judgment but refuses to do so, the situation is serious, and the crime of refusing to enforce the judgment will be constituted. If it is indeed difficult to perform, the court will also give a time limit for performance.

Legal basis: Criminal Law of the People's Republic of China

Article 196:In any of the following circumstances, where credit card fraud is carried out, and the amount is relatively large, a sentence of up to five years imprisonment or short-term detention is to be given, and a concurrent fine of between 20,000 and 200,000 RMB is to be given; where the amount is huge or there are other serious circumstances, a sentence of between 5 and 10 years imprisonment and a concurrent fine of between 50,000 and 500,000 RMB is to be given; where the amount is especially huge or there are other especially serious circumstances, a sentence of 10 or more years imprisonment or indefinite imprisonment is to be given, and a concurrent fine of between 50,000 and 500,000 RMB or confiscation of property: (1) Using a forged credit card, or using a credit card fraudulently obtained with false identification; (2) Using an invalid credit card; (3) Fraudulently using another person's credit card; (4) Malicious overdraft. "Malicious overdraft" as used in the preceding paragraph refers to the conduct of a cardholder who overdraws beyond the prescribed limit or within the prescribed time limit for the purpose of illegal possession, and does not return it after being collected by the card-issuing bank.

Those who steal credit cards and use them are to be convicted and punished in accordance with the provisions of article 264 of this Law.

Article 313:Where a people's court's judgment or ruling has the capacity to be enforced but refuses to do so, and the circumstances are serious, a sentence of up to three years imprisonment, short-term detention, or a fine is to be given.

If you are unable to repay, you can sue the bank, actively fulfill the repayment obligation after the court judgment, and repay the loan in accordance with the court judgment. Debt disputes are civil disputes and will not go to jail.

Debts should be discharged. If 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.

However, there are two situations in society where debts are not repaid, one is unable to repay, and the other is the ability to do so but refuses to repay.

If the person subject to enforcement does not have any property to be enforced, the court will be helpless, and the applicant can only wait for the person subject to enforcement to have property before applying to the court for enforcement. However, if the person subject to enforcement deliberately conceals assets and refuses to enforce the law, the applicant shall put pressure on him from the following aspects:

1. Penalty interest for the postponement of execution by the person subject to enforcement is added. According to the relevant laws and regulations, if the person subject to enforcement fails to perform its obligations when due, the liquidated damages for deferred payment shall be calculated at twice the loan interest rate of the payable amount for the same period. In this way, if the person subject to enforcement refuses to pay the arrears due, he will have to pay a lot of liquidated damages for every day of delay.

As long as the person subject to enforcement is still alive, even if it is 20 or 30 years, it is impossible to avoid fulfilling the obligation to pay. For a person who hopes for a normal life, it is also his inner hope to end the days of being chased and summoned by the court as soon as possible;

2. Actively cooperate with the court to trace the property clues of the person subject to enforcement. The enforcement division of the court has limited manpower, and there are many opportunities in every day, and each court always has dozens or hundreds of cases in its hands, and the judge has relatively little work on a single party. Therefore, in order to realize their rights and interests as soon as possible, the parties themselves should also take certain measures to seek clues about the property of the person subject to enforcement, and when necessary, they may ask some professional investigation agencies to assist.

If you feel that the court's strength is not enough, or that the court is deliberately delaying, you can communicate with the presiding judge more to avoid misunderstandings between the two parties. If it is true that the presiding judge is ineffective or procrastinating, he or she may assist in resolving the matter through his or her higher-level leader or other regulatory bodies.

What were the terms of the initial loan? What are the reasons for insolvency?

If the loan is obtained by fraud for the purpose of illegal possession, it constitutes a crime, and criminal responsibility must be investigated in accordance with the law, and the person will be imprisoned.

If the repayment is caused by poor management, even if the other party sues, it will only bear the civil liability for repayment. No jail time.

If they really have no ability to repay, they shall negotiate with the bank or lending institution to extend the repayment period or repay the loan in installments.

There will be no consequences for the money borrowed:

1. If the lending institution or bank fails to perform the court judgment within the performance period after winning the lawsuit, it will apply to the court for enforcement.

2. When the court accepts the compulsory enforcement, it will inquire about the real estate, vehicles, ** and deposits in the name of the lender in accordance with the law.

3. If the lender has no property in his name that can be used for enforcement and refuses to perform the effective judgment of the court, there will be negative information such as overdue repayment recorded in the individual's credit report and will be restricted from high consumption and entry and exit, and may even be subject to judicial detention.

4. In the case of refusal to enforce the judgment or ruling despite having the ability, it is suspected of the crime of refusing to enforce the judgment or ruling.

How much do you owe? Please specify?

Hello dear <>, if you owe more than 2 million to the bank and cannot repay, you will not go to jail, generally speaking, if you owe a bank loan and do not repay it, it is only a civil dispute, and you will not be held criminally responsible and imprisoned. However, if the bank applies to the court for compulsory enforcement after winning the lawsuit, and has the ability to repay the loan and refuses to perform, it will be suspected of refusing to enforce the judgment or ruling. Legal basis: Article 313 of the Criminal Law of the People's Republic of China: Where a people's court has the ability to enforce a judgment or ruling but refuses to enforce it, and the circumstances are serious, a sentence of up to three years imprisonment, short-term detention, or a fine is to be given, and where the circumstances are especially serious, a sentence of between three and seven years imprisonment and a concurrent fine is to be given.

Where a unit commits the crime in the preceding paragraph, the unit is to be fined, and the directly responsible managers and other directly responsible personnel are to be punished in accordance with the provisions of the preceding paragraph.

Summary. Hello dear, it's an honor to answer for you; If you owe 2 million and can't repay it, you will generally not go to jail. According to the relevant regulations, if the debt is unable to be repaid, it is a breach of contract liability and will not be investigated for criminal liability and imprisoned.

For debt disputes, the parties are requested to voluntarily negotiate and settle the dispute, and if the negotiation is invalid, file a lawsuit with the people's court in accordance with the law, and resolve the dispute through litigation. There are two different situations in which the debtor is unable to repay: 1. Temporary insolvency, if this is the case, the debtor can repay it in installments in accordance with the relevant regulations; 2. Permanent insolvency, if it is permanent insolvency, it can only be repaid on the debtor's personal existing property.

Hello dear, it's an honor to answer for you; If you owe 2 million and can't repay it, you will generally not go to jail. According to the relevant regulations, if the debt is unable to be repaid, it is a breach of contract liability and will not be investigated for criminal liability and imprisoned. For debt disputes, the parties are requested to voluntarily negotiate to settle them, and if the negotiation is invalid, You Minchang will file a lawsuit with the people's court in accordance with the law and resolve the dispute through litigation.

There are two different situations in which the debtor is unable to repay: 1. Temporary insolvency, if this is the case, the debtor can repay it in installments according to the relevant regulations; 2. Permanent insolvency, if it is permanent insolvency, it can only be repaid on the debtor's personal existing property.

Legal basis: Article 436 of the Civil Code of the People's Republic of China Where the debtor performs the debt or the pledgor pays off the creditor's rights guaranteed by Nai Chong in advance, the pledgee shall return the pledged property. If the debtor fails to perform the due debts or the parties agree to realize the pledge, the pledgee may agree with the pledgor to discount the pledged property, or may give priority to the repayment of the price obtained from the auction or sale of the pledged property.

Where the pledged property is discounted or sold off, it shall refer to the market.