Yasothon
Bankruptcy & Business Rehabilitation Lawyer in Yasothon
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 Yasothon
- 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
Courts we appear at in Yasothon
- •Yasothon Provincial Court
- •Yasothon Juvenile and Family Court
- •Region 3 Labor Court (Nakhon Ratchasima)
Yasothon, Loeng Nok Tha, Kut Chum, Maha Chana Chai, and nearby districts
Contact our Yasothon attorneys
We serve clients across Thailand. Initial consultation.
Frequently asked questions — bankruptcy lawyer in Yasothon
1 questions answered
The main difference is the statutory minimum debt threshold for filing, which is not the same for individual and corporate debtors. The strategy differs too — a viable business is usually better served by rehabilitation than liquidation, while for individuals the focus is proving genuine insolvency. We check whether the filing conditions are met and pick the most cost-effective route, including checking the current statutory minimum debt threshold for your situation.