Thailand Bankruptcy & Business Rehabilitation
Central Bankruptcy Court petitions, rehabilitation plans, automatic-stay protection, and cross-border insolvency.
Quick Answer
Both creditors and debtors can petition the Central Bankruptcy Court. Rehabilitation protects viable businesses (debt THB 10M+), while bankruptcy liquidates and discharges individuals (THB 1M+) or companies (THB 2M+). Retainers from THB 80,000.
Services
- ✓ Bankruptcy petition (creditor-side)
- ✓ Bankruptcy defence (debtor-side)
- ✓ Business rehabilitation plan drafting
- ✓ Rehabilitation planner appointment
- ✓ Creditor claim filing & voting
- ✓ Automatic-stay opposition
- ✓ Cross-border insolvency coordination
- ✓ Asset tracing & clawback
- ✓ Discharge & second-chance planning
- ✓ Officer/director liability defence
FAQ
- What's the difference between bankruptcy and business rehabilitation?
- Bankruptcy (liquidation) winds up the debtor and pays creditors from asset sale. Business rehabilitation lets a viable business restructure debt under Central Bankruptcy Court supervision — keeping operations running and paying creditors from future cash flow.
- Minimum debt threshold?
- Individual: THB 1,000,000+. Company: THB 2,000,000+. Rehabilitation requires debts of THB 10,000,000+ and the court must find the business commercially viable.
- How long does the process take?
- Bankruptcy: 3–7 years (asset gathering + distribution + discharge). Rehabilitation: 5 years standard plan + up to 2-year extension. Automatic-stay protection starts on the day the court accepts the petition.
- Cost?
- Bankruptcy petition (creditor-side): THB 80,000+. Debtor-side rehabilitation plan preparation & court approval: THB 350,000+. Complex cross-border cases: quoted.
Contact: 083-249-4999 · LINE @NYC168 · contact@ilc.ltd