What if you don't pay your debts? No IOUs.

1. I didn't write the iou and didn't return it, which was very troublesome.

You can't win the case.

One is to record what he said about borrowing money, and it is best to have more than two people present as witnesses.

Can't expose the intention of litigation, that is to say, be reasonable;

The second is to sue in court and give evidence to the court for recording and witnesses.

Explain that you have evidence of borrowing money, and the court can accept it.

Third, when the court heard that you borrowed money, you still have evidence (the recording is also evidence, and the witness is also evidence).

He said he had paid it back, so he had to prove when he had paid it back.

If he couldn't say it, the court thought he hadn't returned it, and the court ruled that he had returned it.

Extended data:

An IOU is a written application written by an individual or unit to the relevant unit or individual when it owes money or things.

White stripes are also called "IOUs" today.

IOU is also a common written document in daily life to prove that one party owes money to the other, and it is an application style of credentials.

IOUs usually apply to the following situations:

1. When buying goods or products, I have to write a debit note because I can't pay or pay all the money of others.

2. Money or things borrowed from others or units cannot be returned, or not all of them can be returned.

There are some arrears, and you need to write an iou at this time.

3. Borrowing personal or public money and things, and the certificate after completion can also be called IOUs.

References:

Baidu encyclopedia-IOUs