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Teachers warned of serious consequences for debt default

Teachers warned of serious consequences for debt default

13 Sept 06:07 Key points summarised by AI
  • Teachers threatening to default on Government Savings Bank (GSB) loans face severe legal and professional consequences.
  • Deputy Justice official Thawatchai Thaikhieu warned that teachers with debts over one million baht could be declared bankrupt, jeopardizing their employment.
  • Guarantors would also be liable for bankruptcy, and declared bankrupt individuals face restrictions on travel and financial transactions.
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