The refusal to pay when the commercial bill expires, indicating that the drawer has been unable to pay the bill, the business conditions and capital chain have serious problems, and some holders still have illusions, that the former endorser or drawer can not afford to offend, and the immediate prosecution is not conducive to the return of the arrears, in fact, this idea is very wrong, for the following two reasons.
Why is it important to file a lawsuit within 2 years after the refusal to pay a commercial bill?
1. According to the provisions of the Negotiable Instruments Law, the holder's rights to the drawer and acceptor of the negotiable instrument shall be two years from the maturity date of the negotiable instrument; the holder's right of recourse against the former hand shall be six months from the date of refusal of acceptance or refusal of payment; and the right of recourse shall be lost beyond the limitation period.
Why is it important to file a lawsuit within 2 years after the refusal to pay a commercial bill?
2. Some banks and corporate online banking e-ticket systems will directly delete commercial bills that have been overdue and refused for more than 2 years. If the bearer does not carry out online recourse within the specified limitation period, it will be an offline recourse to win the lawsuit, and the bill cannot be returned by way of recourse and repayment, and it may not be found at all in the corporate online banking.
Therefore, after the refusal of the commercial bill, the holder must initiate a recourse lawsuit online and offline at the same time within 2 years, and the ticket will become a debt recognized by national law after winning the lawsuit.
Why is it important to file a lawsuit within 2 years after the refusal to pay a commercial bill?
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(Tianxiatong Commerce - your personal bill expert, the pioneer of bill Q&A, no longer confused in the face of commercial bill financing)