There is no other benefit of the defaulter withheld by the Insured.
The defaulter has a bank guarantee which was deducted from the claim by the Insured.
Although, the signed investigation stated that the defaulter will make a payment of THB 20,000 each month to reimburse the Insured, we were advised by the Insured that the defaulter has not yet found a new job. The Insured expect that the defaulter is not able to make any payment.
A recovery is, therefore, unlikely.