변호사 안현희 법률사무소변호사 안현희 법률사무소
Personal Rehabilitation & Bankruptcy Discharge

Debt relief counsel in Wonju

A lawyer with a KBA-registered insolvency specialty reviews with you which procedure fits: personal rehabilitation, personal bankruptcy or general rehabilitation.

There are three court procedures for debt

  • Personal rehabilitation: if you have income, you repay part of your debt over three to five years and are discharged from the rest. Available when unsecured debt is KRW 500 million or less and secured debt KRW 1 billion or less.
  • Personal bankruptcy and discharge: when your assets cannot cover your debts, bankruptcy and discharge clear them.
  • General rehabilitation: for debt above the personal rehabilitation limit, or when you need to restructure while keeping a business running.

Which procedure fits depends on your income, assets and the structure of your debt. Attorney Ahn Hyun-hee, who registered insolvency as a specialty with the Korean Bar Association in 2021, works through it with you at the consultation.

Registered specialty: insolvency

Insolvency registered as a specialty with the KBA in 2021

We start by working out together whether rehabilitation or bankruptcy fits.

Contact

Tell us what is happening first

Leave an inquiry and we will explain how to proceed after reviewing it. If it is urgent, please call 1577-0448.