Abstract:
This thesis is aimed to study on problems and obstacles of Bankruptcy Law of 1994, the issues concerning text, relating persons, case procedure and bankrupt property management, as well as bankrupt disengagement. The study includes comparing Bankruptcy Act of B.E. 2483 of Thailand Bankruptcy Law of 1994 of Lao PDR., analyzing the context to give recommendations in order to improve Bankruptcy Law of 1994 of Laos.
From the result of study, the Bankruptcy Law of 1994 doesnt give individuals the power to litigate, accuse, appeal or withdrawn the lawsuit in bankruptcy case. Also, the Laos justice system doesnt give a clear picture of bankruptcy prosecution legal or disengagement from bankruptcy. For example; number of bar, judge qualification, prescription of bankrupt disengagement, and rule for bankrupt discharge, etc. The inexplicit prosecution caused problems to legal enforcement and interpretation as well as raising the unequitable law persecution which may cause unjust throughout Laos society.
Hence, in order to improve Bankruptcy Law of 1994 of Lao PDR., giving the clear amount of debt, needed in litigation, providing the power to file a lawsuit on their own to individuals
in bankruptcy case and establishing bankruptcy court in Lao PDR., similar in Thailand specialized court in bankruptcy is needed.