Bangkok Commercial Asset Management Public Company Limited, or BAM, has announced the extension of its "Start Anew with BAM" program until December 30, 2026, from its previous end date in September 2026, according to Raks Vorakitpokatorn, Chief Executive Officer of BAM. The program aims to help retail debtors manage their debt burden and regain their financial footing under the concept "A way out of debt for a life that can move forward." There are two forms of assistance. In the account closure case, debtors can settle their debt at a rate of no less than 70% of the remaining principal within 60 days from the date of approval, with no interest charged. In the installment case, debtors can pay monthly installments with a 0% interest rate for the first three years and can take up to 10 years to repay. Raks said that the response to the program so far reflects that when debtors are given an opportunity and suitable options for managing their debt, many are able to get back on their feet. This extension therefore continues the assistance so that many more debtors have the chance to negotiate and access the relief measures.
Bangkok Commercial Asset Management Public Company LimitedBAM extends its 'Start Anew with BAM' debt-relief program to Dec 30, 2026, expanding access for retail debtors to settle or restructure debts.
