What should I do after the borrower's debt and the creditor's collateral are transferred?

If the debtor transfers the mortgaged property, which impairs the realization of the creditor's due creditor's rights, the creditor may request the court to cancel the debtor's behavior. However, the scope of the creditor's right to cancel is limited to his creditor's rights and should be exercised within the effective period.

legal ground

Article 538 of the Civil Code

If the debtor disposes of the property rights and interests without compensation by giving up the creditor's rights, giving up the creditor's rights guarantee, transferring the property without compensation or maliciously extending the performance period of the due creditor's rights, which affects the realization of the creditor's rights, the creditor may request the people's court to cancel the debtor's behavior.

Article 539

If the debtor transfers property at an obviously unreasonable low price, accepts other people's property at an obviously unreasonable high price or provides guarantee for other people's debts, which affects the realization of the creditor's rights, and the debtor's counterpart knows or should know the situation, the creditor may request the people's court to revoke the debtor's behavior.

Article 540

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.

Article 54 1

The right of revocation shall be exercised within one year from the date when the creditor knows or should know the reasons for revocation. If the debtor fails to exercise its cancellation right within five years from the date of the debtor's behavior, the cancellation right shall be extinguished.