Article IP Qualification Profiles January - Thailand

Appointment An IP is not appointed to all types of insolvencies. In most instances, such as in bankruptcy and liquidation the Official Receiver is appointed. In the case of court reorganisation and voluntary dissolution of companies an IP appointment is made. Qualifications In the case of voluntary liquidation as well as bankruptcy, specific qualifications are not required for a person to act as an IP. In court supervised reorganisation however, to act as planner or plan administrator, a licence for doing so is required. The Bankruptcy Act, BE 2483 (1940) and regulations specify the requirements.