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Weekdays 09:00 ~ 21:00 / Weekends 09:00 ~ 18:00
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Personal Rehabilitation Application Qualifications Easily Summarized
Qualifications for applying for individual rehabilitation include credit recovery programs (personal workout , Free Workout, Bad Bank, etc.), and those who are using the bankruptcy application process can also apply for personal rehabilitation procedures. Those with a certain income (salary income, personal business, part-time job, etc.)2. Those with a total debt of less than 500 million (those with a mortgage loan of less than 1 billion) (Applicable even if not overdue)3. However, you must have more debt than your total assets. However, if your debt is too small (e.g. total debt of 2 million won) and you can pay it off even without the individual rehabilitation system, you are not eligible. The size of the debt has not been specifically determined, but there are some differences depending on the individual’s ability and salary level to the extent that the current income and property cannot afford it.
Personal Rehabilitation Application Qualifications (Brief summary)1. Those with a certain income (salary income, personal business, part-time job, etc.)2. Those with a total debt of less than 500 million (those with a mortgage loan of less than 1 billion) (Applicable even if not overdue)3. However, you must have more debt than your total assets. However, if your debt is too small (e.g. total debt of 2 million won) and you can pay it off even without the individual rehabilitation system, you are not eligible. The size of the debt has not been specifically determined, but there are some differences depending on the individual’s ability and salary level to the extent that the current income and property cannot afford it.
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Choseok Law Firm / Business Registration Number: 641-81-00057 / CEO: Ryu Young-seung / 16, Seocho-daero 46-gil, Seocho-gu, Seoul (Tops Building)
TEL : 1566-6792 / Email: you1088@hanmail.net / Personal information manager: Lee Jung-hoonCopyright (c) 2016 Law Firm Cornerstone. All rights reserved. Hosting by Losite
