Our local partner had contacted the debtor. The debtor's MD, Ms. Supinya has acknowledged and confirmed on the outstanding debt of THB 1,275,797.31 for this case.
For the debt resolution of this case, the debtor informed that she has provided the Bank Guarantee of KBANK with amount of THB 500,000 to the insured, and also asked the insured to execute this BG right away. After the execution of BG, she would review on the payment ability and expects to provide the repayment plan for the rest amount in March 2016.
Ms. Supinya noted that she would try to make the 1st payment of THB 10,000 by around mid of March 2016, for showing on her intention to repay the debt. However, she said that her income is now very low when comparing on the amount of debt cases at present.
Could you please confirm with the insured on the bank guarantee and advise the execution status?