Judgment defaulters, often referred to as "lai", refer to those who have the ability to perform but refuse to perform the obligations set forth in effective legal documents. Becoming a judgment defaulter will bring a series of harms and consequences, as follows:
Limit high spending**: Judgment defaulters will be restricted from carrying out a series of high-spending activities, including but not limited to choosing airplanes, train soft sleepers, and second-class or higher cabin travel on ships; Consumption in star-rated hotels, hotels, golf courses and other places; Purchase of real estate or newly-built, expanded, or high-end renovated houses; leasing high-end office buildings, hotels, apartments and other places for office; purchase of vehicles that are not necessary for business operations; travel, vacation; children attending high-fee private schools; Pay high premiums to purchase insurance and wealth management products; Take all seats on G-shaped EMU trains, first-class or above seats on other EMU trains, etc.
Restrictions on travel and accommodation**: Judgment defaulters may not be able to take high-speed trains and planes, stay in hotels will also be restricted, and some areas have even begun to restrict dishonest persons from driving.
Affect children's education and employment**: The children of judgment defaulters may be prohibited from attending private high-cost schools, enlisted in the army, applied for civil service examinations, and are not allowed to go abroad.
Damage to personal credibility and social status**: Untrustworthy behaviors will be included in the credit reporting system, affecting the individual's credit rating, lowering the social evaluation, and damaging the individual's reputation.
Increase recovery costs and risks**: Untrustworthy behavior will increase the recovery cost and risk of creditors, make creditors fall into long-term litigation disputes, and consume time, energy and financial resources.
Restricting career advancement**: Judgment defaulters may be subject to career development restrictions such as restrictions on leaving the country and restrictions on serving as corporate executives.
Legal Liability**: Judgment defaulters may face further sanctions and penalties under the law, including property seizure, auction and other enforcement measures.
Socio-economic impacts**: The phenomenon of judgment defaulters not only causes damage to individuals, but also has an impact on social and economic development and social stability and order, increasing social costs and disharmony factors.
Family influences**: Untrustworthy behavior may affect the life and psychological state of family members, causing tension in family relationships and increased economic pressure.
Restriction of company tenure**: Judgment defaulters may be restricted from serving as directors, supervisors or senior managers in certain companies.
Restrictions on the opening of new companies**: The judgment defaulter may be restricted from opening a new company as the legal representative.
Restrict participation in public resource transactions**: Judgment defaulters may be restricted from participating in public resource trading activities.
Limit access to ** support**: Judgment defaulters may be restricted from receiving support, subsidies, etc.
Restricting industry access**: Judgment defaulters may be restricted from entering certain industries, such as finance, education, medical care, etc.
Restrictions on participation in awards and commendations**: Judgment defaulters may be restricted from participating in various awards and commendation activities.
Restrictions on holding positions in social organizations**: Judgment defaulters may be restricted from holding positions in social organizations, such as charities, social groups, etc.
Restrictions on tenders and tenders**: Judgment defaulters may be restricted from participating in bidding and bidding activities.
Restrictions on financing credit**: Judgment defaulters may be restricted from obtaining financing credit, such as bank loans, bond issuance, etc.
Restrictions on preferential policies**: Judgment defaulters may be restricted from enjoying various preferential policies, such as tax incentives, land use incentives, etc.
Restrictions on holding public offering positions**: Judgment defaulters may be restricted from holding public offerings. **Wanfen Incentive Plan To sum up, the harm of judgment defaulters is multifaceted, not only affecting the life and work of individuals, but also having a negative impact on their family members, and at the same time also having a certain destructive effect on social order and economic development. Therefore, it is the responsibility of every citizen to comply with the law and fulfill legal obligations.