Solving the NPL problem is certainly not easy. By the end of March 1999, the
Debt Restructuring Committee (under the umbrella of the Bank of Thailand) had only
concluded about Baht 281 billion in debt restructuring. About Baht 2.7 trillion of NPL
remains to be worked out. To help in the debt restructuring process, the government has
passed a number of laws, such as the bankruptcy and foreclosure laws