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

This paper has a goal to clarify the protections under Thai Bankruptcy Act, B.E.2483 (1940) and its amendments that may be granted by law or the court decision/order against the debtors, who declared that they are bankrupt or under the process of negotiation with creditor on an agreement on rehabilitation.

The law of Thailand regarding insolvency, bankruptcy and rehabilitation proceedings are stipulated and applied through only the Bankruptcy Act B.E. 2483 (1983) and its amendment No.10, B.E.2561 (2018).