Phuket officials help mediate restructuring of B1bn in debt relief push

 

More than 1,000 people were invited to the event, altogether involving a total of more than B1 billion in outstanding loans. Photo: PR Phuket

 

PHUKET: Phuket officials yesterday (Aug 13) hosted a mass mediation session between debtors and banks and other financial institutions in the hope of preventing legal action being taken against local business owners and other people in Phuket left without any form of income due to the COVID-19 economic crisis.

 

The event, organised by the Legal Execution Office and held at Phuket Rajabhat University, saw major lending companies and institutions present to discuss terms of restructuring loans. Among them were Toyota Leasing (Thailand) Co Ltd, Krungthai Card PLC, Sukhumvit Asset Management Co Ltd and Siam Commercial Bank, and even representatives from the Student Loan Fund (KorYorSor).

 

Duangchun Suksaeng, Director of the Phuket Legal Execution Office, explained that a total of 1,021 people with unpaid loans were invited to the event.

 

Full story: https://www.thephuketnews.com/phuket-officials-help-mediate-restructuring-of-b1bn-in-debt-relief-push-77020.php

 

-- © Copyright Phuket News 2020-08-15

 

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23 hours ago, rooster59 said:

Duangchun Suksaeng, Director of the Phuket Legal Execution Office, explained that a total of 1,021 people with unpaid loans were invited to the event.

And thats just the ones they managed to contact.