The residential home of a Phrae family was seized and sold at a public auction due to unpaid student debt.
The family’s home was sold for 2 million baht (64,000 USD) to pay off a 17,000 baht (549 USD) student debt.
The family has already filed a case with Damrong Dharma Centre after a letter sent by the Phrae Legal Execution Office stated that their house was sold at an auction.
Kornthip Wongtawan, the sister of the debtee, said that her sister took a loan-to-study settlement to enroll at the Phrae Agricultural College.
After finishing her studies at the college, the debtee moved into a different province to work.
The debtee began repaying the loan she incurred at the college after graduating.
However, she stopped making repayments for a while, leaving the debt at 17,000 baht.
The Wongtawan family then received a notice stating that their house has already been sold at a public auction.
The Phrae family was shocked as the house was not listed as collateral under the debtee’s loan-to-study settlement.
The debtee is slated to visit the Bangkok student loans office, after filing the complaint.
Both the Justice Director, Jiraphon Permpoontham, and Krisana Klaanphat, the director of the Phrae Legal Execution Office, refused to comment on the housing and debt issue.