Bankruptcy & Business Rehabilitation Lawyer in Phayao
Bankruptcy and business rehabilitation fall under the exclusive jurisdiction of the Central Bankruptcy Court, governed by the Bankruptcy Act B.E. 2483 (as amended). The key distinction: bankruptcy collects and distributes an insolvent debtor's assets among creditors, while rehabilitation lets a still-viable business restructure its debts and keep trading under a court-approved plan. Our team acts for both creditors (claims and debt proof) and debtors (rehabilitation petitions, plan drafting, defence), weighing the option that best protects the client before any filing.
Scope of bankruptcy lawyer work in Phayao
- Bankruptcy petitions (creditor-side)
- Business rehabilitation applications (debtor-side)
- Rehabilitation plans and creditor-meeting representation
- Practice before the Central Bankruptcy Court
- Debt-proof filing and claims before the official receiver
- Pre-litigation debt-restructuring and composition advisory
Process
- 1Assess assets versus liabilities and choose a track (bankruptcy / rehabilitation / negotiated composition)
- 2Compile debt documents, financial statements, and supporting evidence
- 3File the petition or application with the Central Bankruptcy Court
- 4Act before the official receiver — debt proof and creditors' meetings
- 5Draft or challenge the rehabilitation plan and follow through to final judgment
Documents to prepare
- •Evidence of the debt (contracts, debt acknowledgements, judgments)
- •Records of demand and default
- •Financial statements and asset/liability schedules (for entities)
- •Company affidavit and shareholder list (if the debtor is a juristic person)
- •ID card or passport of the petitioner
About our team in Phayao
Phayao is an agricultural province with the Ban Huak crossing into Laos and, in the University of Phayao, a concentration of working-age residents and rental tenants. The legal work mixes accordingly: farm-household land and inheritance, agricultural debt and enforcement, lease and property matters around the town, and general criminal defence.
Farm-household land and inheritance disputes are usually entangled with family relationships; rushing to file without sequencing the steps tends to cost both the case and the relationship. We set the approach — negotiate or litigate — at the outset, run the file from our Khon Kaen head office and Bangkok branch, and travel to appear at the Phayao Provincial Court.
Courts we appear at in Phayao
- •Phayao Provincial Court
- •Phayao Juvenile and Family Court
- •Region 5 Labor Court (Chiang Mai)
Mueang Phayao, Dok Khamtai, Chun, Chiang Kham, Pong, Phu Sang, and the areas continuing into Chiang Rai and Nan
Contact our Phayao attorneys
We serve clients across Thailand. Initial consultation.
Frequently asked questions — bankruptcy lawyer in Phayao
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