31.   Thailand inaugurated a new bankruptcy court Friday created to sweep through the debris of bad loans and bust companies from the Asian economic crisis.

32.   The new bankruptcy law may go into effect this month, which will allow debtors and creditors to work out a rehabilitation plan together.

33.   The proposed new bankruptcy law contains a provision for business reorganisation that will allow efficient rehabilitation of companies in financial difficulties.

34.   The new bankruptcy law was declared in the Royal Gazette on Wednesday and has been been in effect since then.

35.   Today is the deadline for the enactment of a new bankruptcy law under the terms of the latest economic reform package brokered by the IMF earlier this month.

36.   With the new proposed bankruptcy laws, both parties can at least proceed with court protection toward a speedier forward resolution of their interests.

37.   Under the new bankruptcy legislation, state firms must settle debts they have incurred, even if it means digging into their assets and capital to do so.

38.   The Argentine Senate on Wednesday approved a new bankruptcy law demanded by the International Monetary Fund in order to provide fresh credit to the crisis stricken nation.