Korea Personal Rehabilitation Repayment Plan Simulator

Estimate eligibility, disposable income, 36-month and 60-month repayment plans, minimum repayment compliance, and bankruptcy comparison under Korean 2026 standards.

Debt and household inputs

Eligibility

Eligible range

Checks Korean debt limits and income requirement.

Monthly disposable income

₩1,253,265

Income after 2026 living-expense deductions.

Recommended path

3-year rehabilitation

Disposable income meets the minimum repayment rule over 36 months.

Total debt

KRW 5,000 x 10K

Unsecured plus secured debt.

Repayment plan comparison

Basic living expense deduction
₩1,246,735
Child additional deduction
₩0
Total monthly deductions
₩1,746,735
3-year monthly payment
₩1,253,265
3-year repayment rate
90.2%
5-year monthly payment
₩1,253,265
5-year repayment rate
100%
Minimum repayment amount
₩2,500,000

Bankruptcy comparison

Exempt assets estimate
₩7,480,410
Distributable assets
₩0
Estimated distribution rate
0%
Rehabilitation credit record
5 years
Bankruptcy credit record
10 years

This English calculator calls the same Korean personal rehabilitation simulation function. Debt limits, 2026 minimum living expenses, the minimum repayment rule, exempt-asset estimate, and 36/60-month plans therefore match the Korean page.

Related calculators

What Is the Korea Personal Rehabilitation Repayment Plan Simulator?

This simulator helps a debtor estimate a Korean court personal rehabilitation plan before filing. Enter income, household size, debts, basic expense deductions, and assets to see expected disposable income, monthly repayment, repayment rate, and debt discharged under 3-year and 5-year plans. The model uses the 2026 minimum living expense standard, which is 60% of Korean median income by household size.

Personal rehabilitation is a legal procedure under the Debtor Rehabilitation and Bankruptcy Act. A debtor with regular income repays a court-approved amount for a fixed period, and the remaining dischargeable debt is released after successful completion. This tool is not a filing decision, but it gives the same first-pass numbers that the Korean calculator shows before a lawyer or judicial scrivener consultation.

Who Uses This Calculator?

  • People considering personal rehabilitation because monthly debt payments are no longer sustainable.
  • Debtors comparing court rehabilitation, personal bankruptcy, and CCRS debt adjustment.
  • Families preparing for a consultation and wanting a realistic estimate before meeting a professional.
  • Applicants comparing whether a 36-month or 60-month repayment period is more workable.
  • Foreign residents or bilingual advisers who need an English view of a Korea-specific court calculation.

Personal Rehabilitation, Bankruptcy, and Debt Adjustment

Personal Rehabilitation

A debtor with regular income files in court and repays according to an approved plan for 3 to 5 years. Remaining dischargeable debt is released after completion.

  • Eligibility: individual debtor with regular income from employment, business, pension, or similar source.
  • Debt limits: unsecured debt up to KRW 1 billion and secured debt up to KRW 1.5 billion.
  • Repayment period: usually 3 to 5 years.
  • Credit record: rehabilitation record generally remains for about 5 years after completion.
  • Main benefit: substantial debt reduction while preserving more assets than a liquidation case.

Personal Bankruptcy

A debtor who cannot repay liquidates non-exempt assets through court bankruptcy and seeks a discharge. It can be suitable when there is no disposable income, but non-dischargeable debts remain.

  • Eligibility: insolvency, meaning the debtor cannot repay debts as they come due.
  • Debt limit: no fixed debt ceiling.
  • Repayment: distribution from non-exempt assets, not monthly income payments.
  • Credit record: bankruptcy credit impact can last about 10 years in this model.

Credit Counseling and Recovery Service Debt Adjustment

CCRS debt adjustment is a non-court private workout with participating financial institutions. It can reduce interest, waive late interest, and extend repayment periods. It may be faster and cheaper than court procedures, but it has different debt limits and usually provides less principal discharge than court rehabilitation.

Core 2026 Standards Used in the Calculation

2026 Minimum Living Expense

The court plan begins by protecting a basic living amount. This calculator uses the 2026 60% median-income table by household size, then adds certain extra deductions.

Household size2026 monthly living expense
1 personKRW 1,246,735
2 peopleKRW 2,048,432
3 peopleKRW 2,618,677
4 peopleKRW 3,179,022
5 peopleKRW 3,706,684
6 peopleKRW 4,206,414

Minimum Repayment Rule

A repayment plan can be rejected if the total repayment is below the minimum amount expected by the court. The Korean calculator applies the following rule:

  • Debt under KRW 50 million: total debt x 5%.
  • Debt of KRW 50 million or more: total debt x 3% + KRW 1 million.

Examples

KRW 50 million debt: at least KRW 2.5 million repayment.

KRW 100 million debt: at least KRW 4 million repayment.

KRW 200 million debt: at least KRW 7 million repayment.

How to Use the Calculator

1. Enter Debt Information

Enter unsecured and secured debt. The Korean logic checks the KRW 1 billion unsecured limit and KRW 1.5 billion secured limit.

2. Enter Household and Income Details

Use monthly after-tax income, household size, minor dependents, housing cost, medical cost, childcare cost, and liquid assets.

3. Review Disposable Income

The calculator subtracts the 2026 basic living expense, child additional deduction, and entered special living costs from monthly income.

4. Compare 3-Year, 5-Year, and Bankruptcy Results

The output shows monthly payment, repayment rate, debt reduction, exempt-asset estimate, distribution rate, and a recommended path.

Procedure Overview

  1. Organize debts: confirm creditors, debt balances, interest rates, and secured or unsecured status.
  2. Consult a professional: review eligibility, debt limits, asset protection, and whether bankruptcy or CCRS adjustment is better.
  3. File petition and repayment plan: submit creditor list, asset list, income and expense statement, and proposed plan to the court.
  4. Commencement order: if requirements are met, enforcement by creditors is stayed.
  5. Plan approval: the court reviews creditor opinions and approves a repayment plan.
  6. Discharge: after plan completion, remaining dischargeable debt is released.

FAQ

Who can file for personal rehabilitation?

An individual with regular income may file if unsecured debt is KRW 1 billion or less and secured debt is KRW 1.5 billion or less. A debtor with no income usually needs to review personal bankruptcy instead.

Is 3 years always better than 5 years?

Not always. A 3-year plan gives faster discharge, but the monthly payment may be too high. A 5-year plan lowers monthly pressure and can help meet the minimum repayment rule.

What are exempt assets?

Exempt assets protect basic living needs. This model estimates them as six months of the 2026 basic living expense. For a 1-person household, that is about KRW 7.48 million.

Will the court approve exactly this result?

No. The simulator uses standard rules for planning. Actual approval depends on case facts, creditor objections, court practice, asset valuation, and documentation.

Practical Notes

  • Check all debts: use Korean credit reports such as AllCredit or NICE to avoid omitted creditors.
  • Prepare income evidence: payslips, income certificates, business records, and recent monthly income data matter.
  • Avoid new debt: new borrowing or card use before filing can create discharge problems.
  • Pay approved installments: missed plan payments can lead to cancellation.
  • Get advice: use this as a planning estimate and consult a Korean lawyer, judicial scrivener, or Korea Legal Aid Corporation.