BSA Law Now Offering 'Business Doctor' Services Under Business Rehabilitation Law

Thai failure law, or bankruptcy law, has changed in the recent past to now include rehabilitation programs that can be accessed before full-blown bankruptcy needs to be declared. BSA Law examines the benefits and intricacies of the Thai law on bankruptcy. End Quote

(1888PressRelease) June 02, 2009 - Thailand's law on bankruptcy is among one of the most proactive in the world, after being changed several years ago to include provisions and programs for business rehabilitation, in order to help businesses avoid bankruptcy. BSA Law, a Thai law firm, has extensive experience in business rehabilitation, and explain the details of Chapter 90 of the Thai Failure Law, the Business Rehabilitation Law.

When a debtor's liabilities reach the 10 million baht mark and bankruptcy appears imminent, experienced Thailand lawyers can actually help save the business by filing for business rehabilitation.

The prerequisites for filing for business rehabilitation in lieu of filing for bankruptcy include:
• Details of creditors, to whom debts total 10 million Thai baht or more
• Reasonable methods to rehabilitate business functions must be defined
• Details of the proposed planner, and a letter of their acceptance
• Asset and liability details must be provided by the debtor
• The consent of authorities is needed for companies in some industries.

BSA Law's team of twenty Thai lawyers and two special advisers, along with its talented support staff, strive to provide prompt, reasonable service while maintaining the highest professional standards. BSA Law provides a full-range of commercial and corporate legal services, including company law, contracts, taxation, intellectual property, labor and real estate. BSA Law's experienced litigation specialists handle filing and contesting bankruptcy-rehabilitation.

About BSA Law:
For nearly 30 years, Bamrung Suvicha Apisakdi Law Associates (BSA Law) has focused on providing reliable legal advice and services to the Thai and foreign business community in Thailand. BSA Law seeks to provide international standards of legal services while retaining the customs of the Thai business culture.

For more information please contact:
Jim Byrne
Business Advisor, BSA Law.
Email: jim ( @ ) bsalaw dot co dot th

http://www.bsalaw.co.th

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