A FAIR launched by the Justice Ministry to accelerate debt settlement is taking place this weekend as total household debt has now reached over 16 trillion baht or more than 90% of the Gross National Product (GDP), Naewna newspaper said late afternoon today (Dec. 21). Justice Minister Thawee Sodsong presided over the opening of
Tag: settlement
‘Debt Settlement Market’ now extended to district level nationwide
By Thai Newsroom Reporters The GOVERNMENT’S “DEBT Settlement Market” campaign for people indebted to unlawful money lenders is being extended from provincial to district level nationwide. Interior Ministry Undersecretary Sutthipong Chulcharoen confirmed today (Jan.16) that the “Debt Settlement Market” which formally kicked off in all provinces on Sunday is now branching out to all
Read more‘Debt Settlement Market’ kicks off in all provinces
By Thai Newsroom Reporters THE GOVERNMENT-RUN “Debt Settlement Market” kicked off today (Jan.14) for people illicitly indebted to loan sharks in all provinces nationwide. The “Debt Settlement Market” is a venue set up in each of the country’s 77 provinces for the people to find ways and means to settle their informal debt owed
Read more110,000-plus debtors point finger at over 81,000 loan sharks
By Thai Newsroom Reporters A TOTAL OF 110,000-PLUS people have so far claimed to owe a combined seven billion baht in illicit debt to 81,000-plus loan sharks in all provinces of the country, a senior government official said today (Dec.26). Sutthipong Chulcharoen, undersecretary of the Ministry of Interior, confirmed that 110,531 people have informed
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