Joke Collection Website - Bulletin headlines - Is it legal for individuals to borrow wine to pay their debts?
Is it legal for individuals to borrow wine to pay their debts?
It is not illegal, as long as the creditors are willing to pay their debts with wine after communication and coordination. According to the actual situation of both parties, if the debtor's capital turnover is difficult and he can't repay his debts, he can use wine to pay off his debts and recover some losses. Still have to say more, you must pay back the money you owe others, even with wine.
Paying debts in kind:
When the debtor has no monetary solvency, it shall pay off the bank debt with the proceeds from auction, sale of collateral, pledged property or other property. If the property is temporarily difficult to realize and meets the provisions of these administrative measures, it can be paid in kind.
Relevant departments should reasonably agree on the price of debt-paid property, properly keep and dispose of debt-paid property, strengthen the management of debt-paid work with goods, promote the preservation and appreciation of debt-paid goods, and minimize the loss of credit assets.
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