Korea Legal Aid Corporation Archives | Be Korea-savvy
Personal Bankruptcy Limit Lowered in S.Korea

Personal Bankruptcy Limit Lowered in S.Korea

SEOUL, March 15 (Korea Bizwire) – The average amount of debt that Koreans are declaring when applying for personal bankruptcy is getting lower and lower. The phenomenon indicates that many are having difficulties handling even  low debt levels without depending on protection offered by bankruptcy. The Korea Legal Aid Corporation analyzed personal bankruptcy data between 2012 [...]