Page 150 - Demo

Interesting facts about enforcement of civil case judgment149Whether an extension of repayment period for the defendant%u2019s remaining debt is possible or not depends on a mutual agreement between the plaintiff and the defendant. If the defendant is an insolvent person and if the remaining debt is in excess of 1,000,000 baht (for a natural person) or 2,000,000 baht (for a juristic person) the debtor may be subject to a bankruptcy proceeding. If after seizure and sale of a debtor%u2019s properties by public auction, theplaintiff still has not received full debts repayment, can the defendant request for an extension of debt repayment? If the defendant cannot repay the remaining debt, will the defendant be subject to a bankruptcy proceeding?No.30QuestionAnswer