Filing for bankruptcy in Thailand

[freezer01]

Hi all. I opened a company in Thailand last year, but due to lack of capitol and the dodgey Thai system I left before I started trading. The paperwork and my work-permit was however finalized the day that I flew out. A long story short I have been sent a bill for THB 45,000 in social security and annual account fees and as the company has no money the company cannot pay it. I could just ignore it as I don't wish to work in Thailand anymore. However I don't want to leave things unfinished as I do want to visit later in life. My question is does anybody know about filing for bankruptcy in Thailand? and what is involved?

Thanks in advance

[ubonjoe]

Topic should be in the business forum.

It seems you forgot to cancel your lawyer/accountant before you left.

[jaapfries]

A business owner cannot file for Bankruptcy, only a creditor can, under Thai'Law.

The proper way to "finish" this is:

1. Pay the Bt. 45K

2. Get your lawyer to "close" your Ltd. company.

[Paul888]

If you ever want to return to Thailand, you should pay the 45k, and get your lawyer to close the company properly as even a dormant, never traded company is going to continue racking up annual fees and fines every year and I presume your lawyer has a copy of your passport etc.