Picture courtesy of Siam Rath

 

The Minister of Justice, Pol Col Tawee Sodsong, has announced a major step forward in legal reform aimed at reducing the financial burden on debtors and creditors alike. On 23 July, the House of Representatives passed the second and third readings of a proposed amendment to the Civil Procedure Code, submitted by the Ministry of Justice.

 

A key component of the reform is a significant reduction in enforcement fees, charges applied during the compulsory execution of court rulings in civil cases. The move is intended to promote fairer legal proceedings, reduce obstacles to debt repayment and improve the likelihood of successful mediation between disputing parties.

 

“This legal amendment targets a long-standing issue where debt settlements have often failed because debtors simply couldn’t afford the enforcement fees,” said Minister Tawee. “By lowering these costs, we are creating a fairer system that encourages repayment and gives creditors a better chance of recovering their money.”

 

The revised fee structure includes the following reductions:

 

1. Fee for auction or sale of seized property – reduced from 3% to 2%.

 

2. Fee for disbursing seized or garnished funds to creditors– reduced from 2% to 1%.

 

3. Fee for seizure of non-monetary assets without sale or disposal – waived entirely (previously 2%).

 

4. Fee for seizure or garnishment of money or assets without sale – waived entirely (previously 1%).

 

5. Fee for auction conducted directly between parties – reduced from 2% to 1%.

 

These changes are expected to lower costs within the enforcement process, helping debtors to settle their obligations more quickly and allowing creditors to receive larger payments. Furthermore, it is hoped that the reforms will encourage more parties to enter mediation during enforcement proceedings, thereby reducing court backlogs and easing pressure on the judicial system.

 

The government believes this amendment will provide much-needed relief for household debt, support long-term economic sustainability and foster greater balance within both the economy and society.

 

Minister Tawee affirmed that the initiative reflects the government’s commitment to justice and fairness for all sectors of the population.

 

  Adapted by Asean Now from SiamNews 2025-07-28

 

 

 

How about arresting

up all the loan sharks that would help

44 minutes ago, ozz1 said:

How about arresting

up all the loan sharks that would help

If banks weren't so difficult to get short time loans from , there would be no need for loan sharks.

Rearrange the deck chairs on the sinking ship instead of tightening lending standards. She's goin' down boys! 

 

She's goin' down boys, head for the lifeboats! 

Most loan sharks are connected to local marfia figures, who are in turn connected to local authorities, who in turn are connected to .... 

Treat the symptoms whilst nurturing the cause. Why not tighten lending standards? Because it would slow down the asset and weath being transferred from the middle class to the top class.