개인회생 신청자격 및 방법, 비용, 절차 총정리 Personal Loan Application Qualifications, Methods, Costs, and Procedures

As the economic situation worsens, the number of people in debt is increasing. Accordingly, there are people who are looking into personal rehabilitation and personal bankruptcy. Many people give up while reading because the words are difficult.

개인회생 신청자격

So, I will use only simple words to explain what personal rehabilitation is, and then I will try to easily explain the six qualifications for personal rehabilitation.

At the end of the article, I will share the personal rehabilitation eligibility self-diagnosis site and the necessary documents, so please take a look.

Easy explanation of personal rehabilitation
Those of you who have heard of knight recovery among lion sperm can easily infer it. Knightly revival means almost dying but barely surviving.

Personal rehabilitation is a system that allows people in financial difficulty (those with more than a certain amount of debt) to get back on their feet by restructuring through the court.

Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application

Personal rehabilitation qualifications
1. Personal rehabilitation qualifications: Only individuals can apply
This is a qualification that can already be seen just by looking at the word personal rehabilitation. Literally, only individuals can apply, so corporations, unions, and stock companies cannot apply. However, people living overseas or foreigners can apply for personal rehabilitation.

2. Personal rehabilitation qualification conditions: Excessive debt status
Excess debt is when you have already exceeded the amount of money you can borrow. Therefore, if people who are in debt are unable to continuously repay the money, they are satisfied with the qualifications for personal rehabilitation.

3. Personal rehabilitation qualifications: Continuous income generation above the minimum cost of living
To be eligible for personal rehabilitation, you must have a steady income exceeding the minimum cost of living. For those who want to know more specifically, please see the minimum cost of living as of 2024 attached below.

Conditions for personal rehabilitation application
24-year minimum cost of living

4. Personal rehabilitation qualification conditions: Inability to pay
Inability to pay means that all of your debts are greater than your total assets. So it is impossible to pay the debt.

5. Personal rehabilitation qualification conditions: Total debt amount requirements must be met
If you have a debt of KRW 1 billion or less that does not require collateral or a debt of KRW 1.5 billion or less that requires collateral, you are eligible for personal rehabilitation.

6. Personal rehabilitation qualification conditions: If you have received exemption in the past, a certain period of time must elapse.
If you have been exempt from liability in the past, you must wait 5 years to apply for personal rehabilitation.

Advantages of personal rehabilitation
If you believe that you meet the qualifications for personal rehabilitation, please quickly look at the specific advantages of personal rehabilitation and make a decision to apply for personal rehabilitation.

1. Debts such as personal debt, real estate, stocks, coins, etc. are all subject to adjustment.

Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application

2. If you previously had a job, you can maintain your job even after personal rehabilitation. (Doctor, civil servant, teacher, etc.)

Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application

3. You can adjust your debt up to 90%.

Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application

4. In the case of personal bankruptcy, you cannot retain your own property, but you can retain it in case of personal bankruptcy.

Conditions for personal rehabilitation application
Conditions for personal rehabilitation application
Conditions for personal rehabilitation application

5. You can be free from debt collection.

Reference site for personal rehabilitation

Personal recovery self-diagnosis site
We have shared it with you for those who would like to check the personal rehabilitation eligibility requirements one more time.

Conditions for personal rehabilitation application

Required document forms related to personal rehabilitation
Conditions for personal rehabilitation application

Conditions for personal bankruptcy application
This is my previous article, and it also explains personal bankruptcy in an easy way, so please read it together.