Legal analysis: If the debtor does not pay back the money, even if he refuses to acknowledge the debt, the creditor can still bring a civil lawsuit to the court after the agreed repayment period expires. The court will make a judgment on the basis of finding out the truth, which has little to do with whether the other party admits the debt. When bringing a lawsuit, you should bring your ID card, indictment, copy, loan note and other evidence to the court where the defendant lives. If the court decides the other party to repay the arrears and the other party still fails to perform within the time limit stipulated in the judgment, the creditor may also apply to the court for compulsory execution within two years after the expiration of the time limit.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 667 A contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 668 A contract shall be in written form, except as otherwise agreed between natural persons.

The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.

Article 239 of the Civil Procedure Law of People's Republic of China (PRC) applies for execution for two years. Where an application is made for suspension or interruption of the limitation of execution, the relevant provisions of the law on suspension or interruption of the limitation of action shall apply. The period specified in the preceding paragraph shall be counted from the last day of the performance period determined by legal documents; If the legal document stipulates that the performance shall be performed by stages, it shall be counted from the last day of each performance period; If the legal document does not stipulate the time limit for performance, it shall be counted from the date when the legal document takes effect.