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Does the petitioning creditor need to
file a claim of debt repayment?

Yes, like the other creditors the petitioning
creditor must file a claim of debt repayment
despite the fact that the court’s order to put the

debtor into receivership is based on the dispute filed
by him.

Apart from filing a claim of debt repayment,

does the petitioning creditor need to do
anything else?
Apart from filing a claim of debt repayment,

the petitioning creditor must deposit as security for
costs of the official receiver after the Court has placed
the debtor under receivership. In case of temporary

receivership, the security amount is THB 8,000 while
it is THB 10,000 in case of absolute receivership.
If the official receiver asks for additional amount of
security, the petitioning creditor must provide the
requested amount. The petitioning creditor may

get these amount back if the debtor’s property
can be collected. The petitioning creditor is entrusted
with the duty of monitoring all other creditor’s

benefits and assist the official receiver in collecting
the debtor’s property; e.g. identifying and leading

28 Responses to Inquiries relating to Legal Execution in Bankruptcy Cases
Responses to Inquiries relating
to Legal Execution in Bankruptcy Cases

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