More than 210, 000 people have been saved from court proceedings after defaulting on loans really worth 38 billion baht thanks to debt mediation events organised nationwide over the past six months, says Justice Minister Somsak Thepsutin.
In total, 210, 208 people had their particular debt problems satisfied at 77 debt settlement fairs, and the 78th aims to help a further 172, 855 debtors shed 30. sixty-five billion baht within unpaid loans and bad debts.
The fair operates from Thursday until Sunday at Influence Exhibition Hall five in Muang Thong Thani in Nonthaburi, Mr Somsak informed the media.
Twenty-two finance institutions, including two state-run banks, are taking component in the 78th financial debt mediation programme.
A total of 75, 025 individuals have been invited to negotiate bad debts really worth 9. 95 billion baht which have yet to go to court, along with 97, 830 people owing 20. 69 billion baht whose cases are in the particular court system today, said the ressortchef (umgangssprachlich).
Tussanee Pao-in, director-general of Legal Execution Section, said the division would facilitate mediation for those facing legal threats over their bad debts.
Large numbers of people with debt problems have already been assisted by the ministry’s legal dispute centres nationwide, but many more nevertheless need help, said Ruangsak Suwaree, director-general of the Rights and Liberties Protection Department.
Apinan Suntharanan, a deputy supervisor of the Student Loan Finance, said up to 57, 000 people having difficulty repaying their particular debts have been helped through various choices including a cutback on interest plus fines and an extension of the debt transaction period.
Wutipong, Piromyaporn, mouthpiece director of Govt Savings Bank, mentioned the bank is offering numerous options for debt restructuring to alleviate the financial burden for people with problem debts.