Is it that if you owe a huge debt, this life will be over?

Most people have a huge debt and may end their lives with calves. However, it also depends on the extent of your huge debt, if it is your mortgage and car loan, it is only working for the bank for a while. If you owe millions or tens of millions, the pressure is very great, but there will always be miracles, there is a person named Sun Hongbin, who owes a huge amount of debt and then starts again, not only pays off the debt, but also continues to gallop in the business world.

Is it a huge debt? This life is over, I don't think it's true, some people he experienced three ups and downs, in the end, he still succeeded, there are many untold stories behind success, first of all, you have a clear goal, a very firm belief, summarize experience from failure, failure is also the mother of success, as the saying goes, thirty years in the east of the river, thirty years in the west, come on.

Almost, unless you can turn over one day, you will have to work hard to make money and pay off your debts for the rest of your life.

If you have the ability to pay it back, you won't be playing with the balls, if you don't have it, and you're still there, it's sad, and you don't know how to work hard, and you won't be able to finish it for the rest of your life, so you may be under the birdcage of that project for the rest of your life, and you will be surrounded by the feeling that you can't get out.

This is not necessarily, everything is possible, it depends on whether you work hard or not, and of course it depends on some luck.

No, owing a huge debt doesn't necessarily mean that this life is over, so won't you work hard to make money to pay it back?

Feeling stressed about being in debt is a huge debt, but stress can also be converted into motivation. As long as you make unremitting efforts, you will be able to pay off your debts and live a quality life.

Will the debtor's death affect the family?

After death, the spouse is generally jointly and severally liable for debts, and other relatives such as parents and children are not liable.

1. Spouse of the deceased debtor.

Article 1065 of the Civil Code of the People's Republic of China [Property System for Husband and Wife Agreements] A man and a woman may agree that property acquired during the existence of the marital relationship and property before marriage shall be owned separately or jointly, or partly separately and partly jointly. The agreement shall be in writing. Where there is no agreement or the agreement is not clear, the provisions of articles 1062 and 1063 of this Law apply.

The agreement between the husband and wife on the property acquired during the marriage and the property before the marriage is legally binding on both parties. If the husband and wife agree that the property acquired during the existence of the marital relationship shall belong to each other, and the debts owed by the husband or wife to the outside world are known to the counterpart, the personal property of the husband or wife shall be repaid. According to the rule of reverse interpretation, if the husband and wife practice the joint property system, or if the third party does not know about the agreement, it is a joint debt of the husband and wife.

2. Heirs of the deceased debtor.

The legal normative basis for the heir to bear the repayment liability is Article 1061 of the Civil Code of the People's Republic of China [Mutual inheritance rights of husband and wife] Husband and wife have the right to inherit each other's inheritance.

If the heir renounces the inheritance, he may not be liable for repaying the taxes and debts that the decedent should pay in accordance with the law.