Courts around the mainland have been urged to speed up enforcement of debt judgments for financial institutions already struggling under the weight of a slew of hardships. At a top-level meeting on Monday, Supreme People's Court deputy chief Jiang Bixin said the country's judicial system should implement five measures to ensure swift implementation of verdicts on debts owed to financial institutions to help the country and its corporations survive the tough economic times, according to Xinhua. Most industry participants at Monday's meeting reportedly agreed that unenforced debt judgments were piling up within the country's banking and financial system. And they said that these debts were directly affecting the system's health. Mr Jiang said the courts should determine the exact number of defaulted payments to banks and financial institutions. They should also come up with action plans to recover those debts. The Supreme Court should also form a special team to oversee recoveries, he added, and the courts should be aware of the cases that could generate complications - such as those involving company privatisations, or those that could trigger protests by discontented staff. Wang Weiguo, a commercial law professor at the China University of Political Science and Law, said that a large part of the bank's irrecoverable corporate debt was a historical legacy of the country's privatisation process. But the number of genuine corporate and individual failures to repay debts was also growing. He said that implementing the measures might push some corporations and individuals to the brink of bankruptcy, but they were even more necessary during a financial crisis because the country needed proper order in lending and loan repayments. 'We must strike a balance between society's different interests,' Professor Wang said. 'The piling up of bad debts in banks will affect society at large.' He also said that forcing corporations to repay was particularly difficult because it would affect workers' rights and other social interests, but this only meant the need for better implementation of the country's bankruptcy law.