Lite Beer Posted October 26, 2014 Share Posted October 26, 2014 Legal Execution Department offers to help mediate student loan debts BANGKOK: -- The Legal Execution Department has recently offered to help mediate the debts owed to the Student Loan for Education Fund by hundreds of thousands who took loans from the Fund and have failed to honour the repayments obligation. Ms Ruenvadee Suwanmongkol, director of the Legal Execution Department, disclosed over the weekend that she recently wrote to the Fund manager offering help. She said that if the debts could be mediated, many debtors to the Fund would be spared the specter that they might have their properties seized and the Fund itself would be spared the trouble of going through the lengthy court process.The Fund has reportedly filed 500,000 lawsuits against students who have failed to repay their loans but so far the Fund has not asked the Legal Execution Department to seize their properties or assets.Ms Ruenvadee said that the department had a policy to mediate legal conflicts not just among students but also to members of the public for the benefits of the conflicting parties. Of late, the department cooperated with financial institutions, car leasing companies and credit card companies to hold an exhibition aimed at mediating the debts owed to these companies by their debtors.For the 2014 fiscal year, the Legal Execution Department has successfully mediated 4,699 out 5,715 cases with a total value of 2.204 million baht in debts being settled.In cooperation with Toyota Leasing Company, the department will help mediate the debts between car buyers and the company between October 27-28 at its office in Ratchaburi. Source: http://englishnews.thaipbs.or.th/legal-execution-department-offers-help-mediate-student-loan-debts/ -- Thai PBS 2014-10-26 Link to comment Share on other sites More sharing options...
jaltsc Posted October 26, 2014 Share Posted October 26, 2014 (edited) "The Legal Execution Department has recently offered to help mediate the debts owed...The Fund has reportedly filed 500,000 lawsuits against students who have failed to repay their loans but so far the Fund has not asked the Legal Execution Department to seize their properties or assets." Another brilliant move considering the students have no intention of paying back the loans. As for seizing property or assets. if there are none to seize (put everything in some other family member's name), the only thing the department is left holding are their...ugh... Edited October 26, 2014 by jaltsc 1 Link to comment Share on other sites More sharing options...
marcusd Posted October 26, 2014 Share Posted October 26, 2014 I thought this was about killing people. Making students loans is obviously fought with risk. They have not worked to build up assets. Another wasted bunch of money on idiots making idiotic rules 1 Link to comment Share on other sites More sharing options...
Elmer Gantry Posted October 26, 2014 Share Posted October 26, 2014 Old news,comes up every couple of years.They have got the folder and pic to put on their mantelpiece so all is well in the world. Link to comment Share on other sites More sharing options...
ParadiseLost Posted October 26, 2014 Share Posted October 26, 2014 "The Legal Execution Department has recently offered to help mediate the debts owed...The Fund has reportedly filed 500,000 lawsuits against students who have failed to repay their loans but so far the Fund has not asked the Legal Execution Department to seize their properties or assets." Another brilliant move considering the students have no intention of paying back the loans. As for seizing property or assets. if there are none to seize (put everything in some other family member's name), the only thing the department is left holding are their...ugh... Could it be the graduates found that what they had been sold was not worth the paper it was printed on? The ones who didn't need loans are very happy with their career prospects... 2 Link to comment Share on other sites More sharing options...
soalbundy Posted October 26, 2014 Share Posted October 26, 2014 you have to load the guns every weekend for two years Link to comment Share on other sites More sharing options...
Andre0720 Posted October 26, 2014 Share Posted October 26, 2014 These students all have a phone more expensive than mine... This is the land of 'NO responsibility' Link to comment Share on other sites More sharing options...
BSJ Posted October 26, 2014 Share Posted October 26, 2014 I agree executing them would be a positive first step......unless they paid up! Link to comment Share on other sites More sharing options...
Strangebrew Posted October 26, 2014 Share Posted October 26, 2014 Hey got great Idea team up with fishery depart force students to work on the boats to pay off loans solves 2 problems, Link to comment Share on other sites More sharing options...
noitom Posted October 26, 2014 Share Posted October 26, 2014 It would be a surprise if Thai students paid back any part of the loans. Link to comment Share on other sites More sharing options...
balford Posted October 27, 2014 Share Posted October 27, 2014 Hello Somchai, this is the Legal Execution Department - now, about your student loan...Hello, hello... Legal Execution Department? Monty Python lives. Bob A. Relaxed in Lampang 1 Link to comment Share on other sites More sharing options...
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