Amendment of debt thresholds for writing off bad debts

Related clause under M.R. 186

Debt threshold

Required action

Clause 4

Exceeding 500,000 baht

Exceeding 2,000,000 baht

• Follow up on demand for debt repayment as appropriate with clear evidence on demand being issued but no payment received.
• Bring a civil action to court against the debtor or enter into a petition for sharing the proceeds in an action already brought against them by another creditor. In either case a court injunction or order has been issued, and it was reported under the first execution of the enforcement officer that the case has been executed but the debtor has no property to pay the debt; or
• Bring a bankruptcy action to court against the debtor or enter into a petition for debt settlement in a bankruptcy action already brought against them by another creditor. In either case a compromise has been reached with the debtor and approved by the court, or the debtor has been adjudged bankrupt and the first lot of their properties has been shared out.

Clause 6

Not exceeding 100,000 baht

Not exceeding 200,000 baht

• Demands for payment have been made to the extent suitable to the case but the debt has not been paid and the expenses of a court action against the debtor would not be commensurate with the amount expected to be recovered.