What should I do if I owe money?

Legal analysis: If the debtor fails to repay the money owed, the creditor can sue and deal with it, or apply to the court for a payment order to recover the debt.

Legal basis: Article 675 of the Civil Code of People's Republic of China (PRC). If the borrower and the borrower agree on the repayment period, the borrower shall repay the loan according to the agreed period.

If there is no agreement or unclear agreement between the borrower and the lender on the repayment period of the loan, the two parties may make supplementary agreement through consultation; If a supplementary agreement cannot be reached, it shall be determined in accordance with the relevant provisions of the contract or trading habits.

If it is still uncertain, the borrower can return it at any time; The lender may urge the borrower to repay the loan within a reasonable period of time.