How much debt does it take to become a defaulter? Are you unable to take trains or planes and report them?

I believe there are people around everyone who are unable to repay their debts, or those who owe online loans. Are these people who do not repay their debts considered "old people"? Not really.

"Lao Lai" is actually the person subject to execution for breach of trust, which means that the person subject to execution has the ability to perform but fails to perform the obligations specified in the effective legal document. How to understand this sentence?

First of all, the law does not clearly stipulate the amount of money. It does not mean that you owe a lot of money to become a "bad guy", so this is not an evaluation criterion.

Secondly, the borrower was sued by the lender to the court. This point is very important, that is, you must be prosecuted before you have the chance to become a "bad guy." To be sued, the amount must be quite large, otherwise who would sue for just a few dollars? Wouldn’t that be stupid?

Third, the borrower clearly has the ability to repay, but refuses to fulfill the court's judgment. From the perspective of repayment ability, poor people have no chance of becoming "old people".

To sum up briefly, those who still have money but refuse to repay it after the court’s judgment are the deadbeats. For these old gangsters, the court has issued a number of new regulations to restrict them, including their families. So let’s talk about the common places that will be restricted. Unable to ride on airplanes, high-speed trains, etc. - Restrictions on high consumption

You cannot ride on second-class seats or above on airplanes, high-speed trains, trains, and ships. This is a restriction on high consumption.

If the debt is not repaid first, after the creditor files a lawsuit, the court will organize a hearing. After the hearing, a judgment will be issued. After the judgment takes effect, you can apply for compulsory execution, and then enter the execution procedure. After entering the execution procedure, the court will first ask the debtor to repay within a time limit. If he fails to repay, the court can restrict the debtor from high consumption.

Restrictions on high consumption include not only the right to ride on airplanes, high-speed rails, ships, high-speed trains and other means of transportation, but also restrictions on travel, vacations, children's attendance at high-fee private schools, and the purchase of high-end residences. Lao Lai, report online - list of dishonest persons subject to execution

The people's court can include qualified persons subject to execution into the list of persons subject to execution for breach of trust. Generally speaking, the person subject to execution has the ability to perform but refuses to perform or violates the law. If the legal provisions are met, the People's Court can blacklist the person subject to execution for breach of trust.

The main impacts of being included in the blacklist of untrustworthy persons are: the People's Court can expose dishonest persons subject to execution through the media, the China Enforcement Information Disclosure Network sponsored by the Supreme Court can inquire about dishonest persons, and the credit reporting of dishonest persons subject to execution is affected. There are restrictions on government procurement bidding, bank loans, holding special positions, etc. Summary

When a debtor reaches the execution stage, he or she who is added to the list of dishonest persons subject to execution will be classified as a "lao lai" as it is commonly known among the people, and can be exposed on the Internet. However, inclusion of a default person subject to execution generally requires that the person subject to execution has unable to repay the loan or the person subject to execution violates the law and fails to cooperate with the execution procedures.

Adopt measures to restrict high consumption of debtors. The debtors will not be able to fly, take second-class seats or above on high-speed rails, trains, and ships. Generally, after entering the enforcement process, the debtors will not take the initiative to fulfill their debts. The court has the power to limit high consumption.