Abhisit urges Parliament to quickly enact the Bankruptcy Act, fearing prolonged delays will cause grassroots people to lose chances to resolve debt after it has been stalled for many administrations before.
On 2 July 2026, during a House of Representatives session, Abhisit Vejjajiva, party-list MP and leader of the Democrat Party, debated the Bankruptcy Act draft returned from the Senate. The former Prime Minister warned fellow members to expedite the review process, as this law has been stalled for many administrations and is the only hope to help individuals and small entrepreneurs recover from household debt crises.
Abhisit outlined and gave suggestions on the Senate's amendments to help the joint committees of both houses reach quick consensus. Regarding the debt repayment period capped at 20 years, he agreed that the Senate’s amendment was made with concern to prevent overly prolonged plans. The law still allows extensions if creditors agree, so he believes this point does not cause harm.
On the issue of bankrupt civil servants, Abhisit said he agrees with the Senate’s removal of the provision that would prevent civil servants from losing their positions if the rehabilitation plan fails. Keeping it would create inconsistency and a 'double standard' compared to civil servants who become bankrupt through other means. If opportunities are to be given, it should be addressed by amending the central law on civil servant qualifications directly, not by inserting exceptions in this law.
Abhisit further stated that for the minimum debt amount (100,000 or 300,000 baht), he proposed the committee base it on actual statistics to balance so the ceiling is not too high to exclude the poor or too low to create practical burdens. The highest desire of the people is for the law to be enforced as soon as possible. Any points where concessions can be made should be promptly agreed upon. Discussions should not drag on and cause grassroots citizens to lose their chance to start anew.