Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Debt Restructuring Proposal Template Guide
Guide to preparing a court-supervised debt restructuring proposal in Thailand under the Bankruptcy Act, including repayment plans and creditor negotiation terms.
When to Use
When an individual or business needs to propose a formal debt restructuring plan to creditors, either through voluntary negotiation or court-supervised proceedings under the Thai Bankruptcy Act.
Key Clauses
Debtor Information
Full legal name, ID/passport number, address, occupation, and current income sources.
Statement of Assets & Liabilities
Complete list of all assets (property, vehicles, bank accounts, investments) and all debts with creditor names, amounts, and interest rates.
Income & Expense Statement
Detailed monthly income from all sources and necessary living expenses to determine repayment capacity.
Proposed Repayment Plan
Percentage of debt to be repaid, monthly payment amount, duration of repayment period, and proposed interest rate reduction.
Creditor Priority Schedule
Order of repayment priority: secured creditors first, then preferred creditors, then unsecured creditors.
Hardship Explanation
Circumstances that led to financial difficulty: medical emergency, job loss, business failure, etc.
Compliance Conditions
Debtor's commitments during restructuring: no new borrowing, regular reporting, maintaining employment.
Default Provisions
Consequences if the debtor fails to comply with the repayment plan: automatic reversion to bankruptcy proceedings.
Warnings
Minimum debt threshold for bankruptcy/restructuring petitions in Thailand is THB 1 million for individuals and THB 2 million for legal entities.
All assets must be disclosed honestly — concealing assets is a criminal offence under the Bankruptcy Act.
Court-supervised restructuring requires approval from creditors holding at least 50% of total debt value.
Foreigners should verify whether debt restructuring proceedings affect their visa status — consult an immigration lawyer.
Professional Legal Assistance
When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
feedback.wasThisHelpful