How much debt is required for asset seizure?

• • Debt must go through litigation and judgment
    The creditor must file a lawsuit with the court, and the court must issue a judgment requiring the debtor to repay the debt.
    If the debtor fails to comply with the judgment, the creditor can request the Legal Execution Department to seize the debtor’s assets.

  • Minimum debt amount for asset seizure
    There is no fixed minimum amount for asset seizure. However, generally, if the debt is substantial (in the hundreds of thousands or more) and remains unpaid, the court may order asset seizure.
    For smaller debts, such as a few thousand or tens of thousands of baht, it is often not worth pursuing legal action to the point of asset seizure.

Types of assets that can be seized

• • Real Estate Land, houses, and buildings can be seized and sold if the debtor fails to pay the debt.
  • Vehicles Cars, motorcycles, and other vehicles can be seized, especially if they are mortgaged or have a legal lien.
  • Bank Accounts Funds in the debtor’s bank accounts can be garnished or seized to repay the debt.
  • Personal Property Jewelry, luxury items, electronics, or valuable personal belongings can be seized.
  • Business Assets If the debtor owns a business, the business’s equipment, inventory, or stock can be seized.
  • Wages A portion of the debtor’s wages can be garnished, usually up to 30% of their income after deducting essential expenses.
  • Shares or Investments Stocks, bonds, or other investments held by the debtor can also be seized or liquidated to pay off debts.

These assets can be seized following a court judgment and an execution order, and the proceeds will be used to repay the creditor.