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On November 5, at the Central Bankruptcy Court, Chaengwattana Road, the court made an appointment to hear the request for a petition for rehabilitation. Wuttisak Clinic, Debtor, Case No. Bankruptcy Law, 1940
The court considered the petition supporting the objection of the creditor objectionable and found that the applicant debtor could no longer operate the business to generate income and settle debts. Furthermore, the debtor could not prove that there is a source of funds to be used as working capital as claimed.
When considering the main factors in the operation of the company that have encountered a problem, the requesting debtor cannot solve it. Both the problem of being sued by many creditors OR the creation of new income that cannot continue with the business. Or the problem of staff who cannot find work due to pending wages After listening, there would be a reason to determine that In the case of the requesting debtor, there is no reasonable cause and the business rehabilitation channel therefore ordered the request to be rejected
According to the law The debtor has the right to appeal the commercial rehabilitation order within 1 month from the date of the Court of First Instance. (The Central Bankruptcy Court) has an order or whether to file a request for rehabilitation again. It will be done after more than 6 months, while the court dismisses the request for rehabilitation and the effect of automatic suspension or the moratorium will end immediately.
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