Am I partly responsible for my Thai wife's debts?
If you are married to a Thai woman and she has debts or incurs debts by, for example, taking out loans without you being aware of this, are you also partly responsible or liable for this?
From December 1, the government will take a groundbreaking step in managing informal debt with the opening of special centres. These centres, an initiative announced by deputy government spokesperson Karom Phonphonklang, are part of a broader government plan aimed at improving financial stability and tackling influential figures. This initiative promises to have a significant impact on citizens struggling with unofficial debt.
This is Thailand, Part 2 (Reader Submission)
TiTs, things that a Dutch person takes for granted, does not foresee or simply cannot believe, but are commonplace in Thailand. The little 's at the end is because it never ends and keeps happening. 🙂 Everyone knows some stories like this. Some will make you chuckle, but a few might make you cry (again).
“Thai household debt reaches highest level in 15 years, while income-increase policies fail”
Thai households are facing an escalating debt crisis, forcing the Bank of Thailand (BOT) to take action. While many political parties have promised income increases, households appear to be struggling with mounting debt, with most believing their debt will rise faster than their income.
Thailand's debt crisis takes deadly toll on guarantor
Thailand's debt crisis has taken a worrying turn, with responsibility for unpaid debts tragically shifting onto guarantors. This has already led to several suicides. This article explores the harrowing stories, the obligations and rights of guarantors, and the consequences of this debt burden, with an emphasis on the deadly toll this financial burden takes.
An important message regarding changes in the credit system planned for next year. Given that many readers, married ones, have to deal with this, placement is certainly appropriate.
Analysis: 'Many Thai are over their ears in debt'
The Thai population suffers from high household debts. High household debt is a significant problem for many Thai families, affecting both economic stability and the population's quality of life. Thailand has one of the highest ratios of household debt to gross domestic product (GDP) in Asia, leaving millions of people, one in three Thais, trapped in debt.
A Thai woman has borrowed 1.000.000 Baht from a loanshark / money loan shark. She will lose the land in a year, because the land papers have been issued. And no more income or she has to pay back 1.500.000 Baht.
Thai government agencies have worked together to tackle the problem of farmer debt. The Bank of Thailand (BOT) and 14 other government agencies are now building a database that will provide a better understanding of this issue and support the development of effective and targeted measures.
Many Thai households have accumulated significant debt, with banks, credit card companies, corporations, family and loansharks. This debt crisis has become a major challenge as the cost of living for citizens is also rising.
I borrow, she borrows, we borrow and they have borrowed
What do you do when you are a Thai, have no savings, but still have to pay something? To wait? Still saving? Spend less? To the bank for a revolving credit? No, you borrow money from family, friends and acquaintances.
Record loss for THAI: More than 141 billion baht
Thai Airways International (THAI) suffered a record loss last year as air traffic came to a virtual standstill due to the pandemic.
More and more Thais are sighing under accumulated debt
Now that the so-called lockdown has largely been lifted, a new problem looms: the eroded debts and payment arrears that have accumulated during this period.
Taken from Thai life: Playing with money and luck
This article is about Kob, a Thai, estimated to be 35 years old, who runs a small laundromat in the condo building where Chris lives. A realistic story from everyday life in Thailand about playing with money and luck…
More than half of Thai households are worried about finances
More than half of Thai households are concerned about financial issues such as the cost of living, rising debts and their income. This is the conclusion of a study by the Kasikorn Research Centre.
Thais have less debt with money loan sharks
The debts that Thais have with money loan sharks have decreased by 20 billion baht in a year. The Fiscal Policy Office reached that conclusion based on the number of applications for a government aid program.
Reader question: Do I have to engage a Thai and Dutch notary?
I myself have been living here in Thailand for 15 years now and have dual nationality… Dutch and Thai. I have a Thai mother and a Dutch father. My father has been here in hospital for several weeks now, and his health is not too good. Now I know that my father has (tax) debts in the Netherlands and Thailand.