What is the legal situation with this:

A Thai Limited company, maybe registered with 6m THB, has a couple of employees since many years.

Then the boss makes stupid decisions, no incoming money anymore, the company is unable to pay salaries.

And if the company fires long time employees the company can't pay severance payments.

 

Do the employees just have to accept reality, there is no money anymore, and go home?

Is the GM or maybe the shareholders responsible to put up their own money to pay for outstanding salaries, etc.?

I believe the director is on the hook for it, i know a Aussie that got taken to court (criminal) for 600k and he was only a 1% owner of the company, the other parties closed the company and moved abroad.