{"id":4906,"date":"2026-08-17T08:46:25","date_gmt":"2026-08-17T01:46:25","guid":{"rendered":"https:\/\/www.thailawonline.com\/thai-legal-news\/guarantors-stay-liable-even-after-the-borrowers-bankruptcy-ends-dika-7982-2568\/"},"modified":"2026-08-17T08:46:59","modified_gmt":"2026-08-17T01:46:59","slug":"guarantors-stay-liable-even-after-the-borrowers-bankruptcy-ends-dika-7982-2568","status":"publish","type":"tlo_legal_news","link":"https:\/\/www.thailawonline.com\/th\/thai-legal-news\/guarantors-stay-liable-even-after-the-borrowers-bankruptcy-ends-dika-7982-2568\/","title":{"rendered":"Guarantors stay liable even after the borrower&#8217;s bankruptcy ends: Dika 7982\/2568"},"content":{"rendered":"<p>A bank&#8217;s export credit went bad, the borrower company went through bankruptcy, and the Central Bankruptcy Court later <b>cancelled the bankruptcy<\/b> \u0e20\u0e32\u0e22\u0e43\u0e15\u0e49 <strong>Bankruptcy Act s.135(3)<\/strong>. The four guarantors argued that freed them too. The Supreme Court said no: under <strong>CCC s.698<\/strong> a guarantor is released only when the underlying debt itself dies \u2014 bankruptcy relief is personal to the debtor.<\/p>\n<p>One nuance worth noting: a <b>third-party mortgagor<\/b> answered only up to the value of the mortgaged property, while the guarantors remained exposed for the full shortfall. How you secure someone else&#8217;s loan matters enormously.<\/p>\n<p>&#8618; <a href='https:\/\/www.thailawonline.com\/th\/personal-guarantee-in-thailand-guarantor-liability-rules\/'>Read our new guide to personal guarantees in Thailand<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>A bank&#8217;s export credit went bad, the borrower company went through bankruptcy, and the Central Bankruptcy Court later cancelled the [&hellip;]<\/p>\n","protected":false},"featured_media":4911,"template":"","meta":{"pmpro_default_level":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"tlo_news_type":"","tlo_source_url":"","tlo_impact":"","tlo_effective_date":"","tlo_source_ref":""},"tlo_news_topic":[],"tlo_news_profile":[],"tlo_news_impact":[],"class_list":["post-4906","tlo_legal_news","type-tlo_legal_news","status-publish","has-post-thumbnail","hentry","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/legal-news\/4906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/legal-news"}],"about":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/types\/tlo_legal_news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/media\/4911"}],"wp:attachment":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/media?parent=4906"}],"wp:term":[{"taxonomy":"tlo_news_topic","embeddable":true,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/tlo_news_topic?post=4906"},{"taxonomy":"tlo_news_profile","embeddable":true,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/tlo_news_profile?post=4906"},{"taxonomy":"tlo_news_impact","embeddable":true,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/tlo_news_impact?post=4906"}],"curies":[{"name":"\u0e14\u0e31\u0e1a\u0e40\u0e1a\u0e34\u0e25\u0e22\u0e39\u0e1e\u0e35","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}