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Does a US bankruptcy affect my eligibility for a Thai retirement or education visa?

US BankruptcyThai VisaRetirement VisaEducation VisaNon-O VisaNon-OA VisaVisa EligibilityFinancial Requirements
Jul 1, 2024
6 months ago
Bigd **********
ORIGINAL POSTER
Question, does a US bankruptcy affect retirement or Education Visa or any thai visa?
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TLDR : Answer Summary
A US bankruptcy does not affect your eligibility for Thai visas like the Non-O or retirement visa, as credit history is not taken into consideration. However, background checks are relevant for certain visa categories (like Non-OA and Non-OX). Once a bankruptcy is discharged, it is typically no longer an issue. It's important to meet specific financial requirements for these visas, such as having a minimum balance in Thailand. Having a past bankruptcy may not automatically preclude you from obtaining a visa, as long as you meet the financial criteria.
NON-O RETIREMENT VISA RESOURCES / SERVICES
  • Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
  • For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
  • Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
  • Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
Paul ********
No. It has no bearing on Visa eligibility.
6 months ago
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Peter *******
No they take anyone
6 months ago
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Rob **********
No bankruptcy is not a criminal offense.
6 months ago
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Mary ********
Once the bankruptcy has been discharged it's no longer relevant. If you are still in process of the bankruptcy, you likely cannot leave the country until it has been discharged. I am assuming you have it discharged though and are financially stable now.

We weren't even asked a question about it during our application, so it never came up. Had it I would have had to say something as I filed it years ago after a divorce that left me financially struggling after he emptied my accounts. (yeah, sometimes it is the woman who gets screwed over, believe it or not) they never asked and it never came up through the process.

You will need to fulfill the financial requirements to gain the correct visa. For example ours is a non O retirement - 800,000 Baht retained in a thai bank and I think there are times you can use a portion (but better to just leave it there for insurance / emergency use purposes) and then you need enough to live on besides those funds.
6 months ago
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Robert *****
@Mary *******
 cannot leave the country? Is that Australian law Mary? Wow.
6 months ago
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Mary ********
@Robert ****
 Nah that was back in the US in the 80s I wasn't allowed to leave the country until the bankruptcy was discharged.
6 months ago
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Mary ********
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Cris ******
No. I'm American. It does not.
6 months ago
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Todd *********
No - it doesn't. But you definitely won't get LTR or Elite
6 months ago
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Jason ********
@Todd ********
 why is that?
6 months ago
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Todd *********
@Jason *******
 because he lacks the income and assets post bankruptcy proceedings
6 months ago
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Jason ********
@Todd ********
 could have been a chapter 13. Could have made money since the BK. Could own a home which was/is homesteaded. Not everyone that files bk is broke.
6 months ago
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Todd *********
@Jason *******
 he could.... but the odds are strongly against that. The vast majority are complete screw ups. But get another chance...
6 months ago
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Bunny *****
@Todd ********
 if it was 10 years ago?
6 months ago
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Todd *********
@Bunny ****
 sure - anything is possible. He could... maybe. But the odds of a guy who declared bankruptcy achieving the numbers required for LTR or being prepared to shell out 1.5M baht for a visa seem slim.
6 months ago
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Todd *********
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Peter **********
The US finally went bankrupt? I missed that! Such good news! Where’s the champagne?

PS: 🤣🤣🤣
6 months ago
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Us *****
@Peter *********
 the US can never be bankrupted as it has the ability to print money. All it has to do is issue bonds and all these suckers would buy it up.
6 months ago
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Peter **********
@Us ****
 Just kidding, bro. I’m not political. 😉

From an economic perspective, printing too much money lowers the exchange rates, thus reducing spending power on foreign products. The long term effect is more complex than that, but it indicates you can’t print money as much as you desire.
6 months ago
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Us *****
@Peter *********
 the US prints the most money and yet the dollar is so strong. When people say print, they are actually talking about issuing bonds. Of course you cannot print money without something to back it up
6 months ago
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Peter **********
@Us ****
 I’m very happy for you.
6 months ago
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Peter **********
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Stacey ****************
@Peter *********
 🖕🏼
6 months ago
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Stacey ****************
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Sacha ****
Lol retirement visa requires 800,000 THB in a Thai bank account, cant be that bankrupt 😂
6 months ago
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Roger ********
@Sacha ***
 you're assuming the bankruptcy was recent.
6 months ago
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Sacha ****
@Roger *******
 well if a long time ago its wiped anyway
6 months ago
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Roger ********
@Sacha ***
 yes, 7-10 years old, but it still shows in many databases. It never disappears. It could have also been 5 years ago and peoples situations can be totally changed in that time.
6 months ago
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Roger ********
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Stephan ***********
@Sacha ***
 Who said it has to be his money?
6 months ago
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Sacha ****
@Stephan **********
 touche ;-)
6 months ago
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Sacha ****
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Jae *****
Can you even leave the country if you're blacklisted for Bankruptcy?
6 months ago
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Jeff ********
@Jae ****
 you have no clue what you're talking about
6 months ago
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Steve **********
@Jae ****
 there is no blacklisting of travel or chewing gum with a Bankruptcy.
6 months ago
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Vin *********
@Steve *********
 Bankruptcy in the US means nothing. The rest of the world doesn't use credit scores.

Yes, you can be blacklisted for bankruptcy in many countries. It is a felony charge of not paying your debts.
6 months ago
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Steve **********
@Vin ********
 Not US..

Oh ! morally I think it's reprehensible, just not illegal
6 months ago
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Steve **********
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Todd *********
@Jae ****
 of course you can. "blacklisted' for bankruptcy- WTF are u talking about.
6 months ago
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Jae *****
We can't even apply for passport if blacklisted for bankruptcy in our country.
6 months ago
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Kim *********
@Jae ****
 you don't want to answer a simple question - this can mean 2 things
6 months ago
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Todd *********
@Jae ****
 which country?
6 months ago
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Kim *********
@Jae ****
 that's hard to believe - which country might that be?
6 months ago
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Kim *********
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Jay ****
Non o. No background check. Your credit has zero to do with your visas.
6 months ago
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Garrett ***********
@Jay ***
 Technically it could, one of the requirements of the elite visa is you can never have filed for bankruptcy
6 months ago
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Jay ****
@Garrett **********
 1 in 10,000+ might apply for elite visa. Technically op isn't even considering elite visa after a bankruptcy.
6 months ago
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Jay ****
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Kim *********
you really think bankruptcy is a criminal offense? It is not. But if it was deliberately to try to save some money and are convicted for fraud then it is another matter
6 months ago
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Stuart *********
Criminal background checks are needed for the Non OA or Non OX visas only.

I have absolutely no clue if a bankruptcy would show on a criminal background check.
6 months ago
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Terary **********
I had to provide my criminal back check. I went to the local court house and they provided me a state that I had no outstanding cases. This seems to satisfy the background check requirement. Its interesting to note that the local court house was in a different state than where I got in trouble.
6 months ago
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Steve **********
@Stuart ********
 why would a bankruptcy show up on a person's criminal record ?

Bankruptcy isn't a crime nor a misdemeanor

It's a financial option with court approval.

Like a divorce.
6 months ago
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Stuart *********
@Steve *********
 Like I said I would have no idea if it’s a criminal thing or a civil thing. I do visa stuff, not American legal stuff.
6 months ago
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Steve **********
@Stuart ********
 yes, if a bankrupsy was compounded with hiding or concealing assets that by law required revealing. Then you have a fraud case....but a series 11 or 7 or any court ordered restructuring is a civil event.....far removed from criminal.
6 months ago
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Steve **********
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Garrett ***********
@Stuart ********
 It wouldn't
6 months ago
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Jeffrey *******
@Stuart ********
 not on criminal history. Bankruptcy appears on credit reports. Any arrest will appear on criminal background records.
6 months ago
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Jeffrey *******
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