Personal Rehabilitation Calculator
Calculate monthly repayment and total 36-month repayment under Korean court-based personal rehabilitation standards from total debt, income, and household size.
This calculator is for reference only and may differ from actual amounts due to law changes or individual circumstances. Please consult a licensed professional (tax accountant, labor attorney, etc.) for accurate calculations.
Monthly Payment
β
Total Repayment (36mo)
β
Est. Exempt Amount
β
Monthly Disposable Income
β
Notice: This calculator is for reference only based on 2026 Korean court standards. Actual personal rehabilitation requires court approval. We strongly recommend consulting a licensed attorney or legal aid organization.
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Frequently Asked Questions
Q. Who qualifies for personal rehabilitation?
Anyone with unsecured debt under β©500M (β©1B if secured) and a regular income can apply. You do not need to be in default β financial distress is sufficient.
Q. How long does the repayment period last?
Typically 3 years (36 months), extendable to 5 years by court order. After faithfully completing payments, remaining debt is fully discharged.
Q. Can I work or acquire assets during rehabilitation?
Yes. However, if income increases, monthly payments may be raised. Inheritances or other asset gains may also need to be applied to repayment.
Q. What is the difference between personal rehabilitation and bankruptcy?
Rehabilitation requires repaying a portion over 3β5 years with the remainder discharged. Bankruptcy liquidates assets to settle debts immediately. Stable income makes rehabilitation preferable.
Q. What are the application requirements?
Regular income plus total debt not exceeding β©1B unsecured / β©1.5B secured. You do not need to have missed payments yet.
Q. How is the monthly repayment amount determined?
Disposable income = monthly income β minimum living expenses (by household size). Courts require 100% of disposable income as monthly repayment.
How to Use
Sum all liabilities including credit card loans, bank loans, and private debt.
Input gross monthly income and the number of household members for living-cost deduction.
Enter total assets including deposits, real estate, and vehicles to determine the liquidation value threshold.
Monthly repayment, 36-month total, and estimated dischargeable amount are calculated automatically.
Expert Knowledge: Personal Rehabilitation Calculator
Personal rehabilitation (κ°μΈνμ) allows individuals overwhelmed by debt to repay a court-approved portion over 3β5 years with the remainder discharged under the Debtor Rehabilitation and Bankruptcy Act.
Monthly repayment is based on "disposable income" = monthly income minus minimum living expenses (set by household size). Courts require 100% of disposable income as the monthly payment, making accurate living-expense calculation critical. The 2026 minimum living standard for a single-person household is approximately β©1.39M.
The liquidation-value guarantee principle requires total repayments to exceed total current assets. In other words: 36-month total payment β₯ net asset value. Consult a licensed judicial scrivener or attorney before applying to confirm eligibility.
The choice between personal rehabilitation and personal bankruptcy hinges on income stability. Regular earners benefit from rehabilitation β partially repaying then receiving discharge preserves credit recovery prospects. Those with no or minimal income should consider personal bankruptcy and discharge, which eliminates all debts simultaneously. Both processes involve court fees and typically take 4β8 months to receive court approval.
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