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What will happen if Ctrip borrows Bank of Ningbo?
I borrowed a loan from Ningbo Bank on Ctrip, but failed to repay it on schedule. Bank of Ningbo will recover it through legal means, including applying to the court for compulsory execution. Bank of Ningbo has applied for enforcement, and the enforcement procedures include seizure, freezing, auction and other measures to force debtors to fulfill their repayment obligations.
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