The Bankruptcy Act (B.E. 2483) is the overall law that covers bankruptcies in Thailand. The Act was amended in 1998 to aid in the financial rehabilitation of insolvent companies. It was further amended in 1999, establishing a Bankruptcy Court to adjudicate insolvency proceedings.

The World Bank's Doing Business Survey assesses business closures. Results for Thailand can be found at the link below.

The Asia-Pacific Restructuring and Insolvency Guide 2006 provides a guide to explain the restructuring and insolvency frameworks of Asia-Pacific countries. The link which also discusses the implementation of B.E. 2483 and Thailand’s financial restructuring is provided below.