KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER THAI LAW -

The law of Thailand regarding insolvency, bankruptcy and rehabilitation proceeding are stipulated and applied through Thai Bankruptcy Act B.E.2483 (A.D. 1940) (“Bankruptcy Act”) and its amendments No.10, B.E.2561 (A.D. 2018).

This paper offers an understanding of the insolvent debtors and their qualification to the protection under Bankruptcy Act and its amendments, as granted by the law and/or by the court’s decision or order granted thereunder debtors who initially stated on expressed that they are facing with financial dilemma, bringing them to the point of being insolvent, or they are under the process of negotiation with creditor on an agreement for rehabilitation.