How long does bankruptcy discharge take in Thailand?

Bankruptcy discharge timeline in Thailand: **Standard discharge:** 3 years from the date of the bankruptcy order (Bankruptcy Act, Section 81/1) **Early discharge options:** - **Composition:** If the bankrupt proposes a repayment plan accepted by creditors (majority in number and at least 75% in value), the court can approve it and end proceedings - **Full payment:** If all debts are paid in full, discharge can be immediate - **Court discretion:** The court may grant earlier discharge in exceptional circumstances **Effects of discharge:** - Released from all provable debts (with some exceptions) - Restrictions on travel and business activities are lifted - Can serve as company director again - Credit history will still reflect the bankruptcy **Debts NOT discharged:** - Tax debts owed to the government - Debts arising from fraud or willful misconduct - Court-ordered fines or penalties - Debts not disclosed during proceedings **Post-discharge:** - Bankruptcy record remains on file but is generally not publicly searchable - Banks may still consider bankruptcy history for loan applications - There is no legal prohibition on obtaining credit after discharge