Can gambling debts be included?

You can apply, but courts scrutinize them closely.

What if I miss payments?

Missing three or more can get the plan dismissed; ask to modify it.

Individual rehabilitation (Korea)

⚖️ Law By CampusDown Wiki Editorial Team Last updated October 26, 2026

Individual rehabilitation is a Korean court procedure where a debtor with regular income repays part of their debt under a court-approved plan, usually over three years, and the remainder is discharged.

Contents

1. Eligibility and payments
2. Compared with other options
3. FAQ
4. References

Eligibility and payments

Debtors with ongoing income and up to ₩1 billion in unsecured and ₩1.5 billion in secured debt can apply. Monthly payments equal income minus a court-set living allowance (about 60% of median income), typically for three years, and total payments must exceed what creditors would get in bankruptcy. A stay order halts collection and garnishment.

Compared with other options

Personal bankruptcy liquidates assets when repayment is impossible; Credit Counseling and Recovery Service programs renegotiate debts outside court. Rehabilitation lets you keep your job and assets, much like U.S. Chapter 13, but taxes, fines, and child support aren't discharged. It affects your credit score and can stay a creditor's payment order. General information only.

FAQ

Can gambling debts be included?: You can apply, but courts scrutinize them closely.
What if I miss payments?: Missing three or more can get the plan dismissed; ask to modify it.

Sources reviewed: 2026-10-26

References

「채무자 회생 및 파산에 관한 법률」 제579조~제627조.
서울회생법원. 『개인회생 절차 안내』.
신용회복위원회. 『채무조정 제도 안내』.

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This article was last updated on October 26, 2026. It is based on widely recognized original works and textbooks; when citing it in a paper, please check the original sources listed in the references.