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How to collect debts after the property has been transferred?
1. For those who fail to repay their debts due, it is suggested to bring a lawsuit to the court for repayment as soon as possible. If the other party fails to perform the judgment of the court during the performance period, it may apply to the court for compulsory execution. After the court accepts the compulsory execution, it will inquire about the property, vehicles, securities and deposits under the debtor's name according to law. In addition, if you refuse to perform the effective judgment of the court, negative information such as overdue repayment will be recorded in your personal credit report, restricting high consumption and immigration, and may even be detained by the judicial authorities. Those who have the ability to refuse to execute are suspected of refusing to execute the judgment or ruling.
2. If the debtor abandons the due creditor's rights or transfers the property for free, thus causing damage to the creditor, the creditor may request the people's court to cancel the debtor's behavior. If the debtor transfers the property at an obviously unreasonable low price, causing damage to the creditor, and the transferee knows the situation, the creditor may also request the people's court to cancel the debtor's behavior. The scope of revocation right is limited to creditor's rights. The necessary expenses for the creditor to exercise its right of cancellation shall be borne by the debtor.
Legal basis: Article 313th of the Criminal Law of People's Republic of China (PRC).
The crime of refusing to execute the judgment or ruling is capable of executing the judgment or ruling of the people's court, and if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
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