소비자도산에 관하여

The number of consumer bankruptcy filings are increasing in Korea. Consumer bankruptcy filings submitted to the court increased to 38,773 in 2005, from 12,317 a year before. The number has continuously risen with 329 in 2000, 672 in 2001, 1,335 in 2002, 3,856 in 2003. New bankruptcy code took effect on April 1st in 2006. The code is designed to integrate 4 separate laws, which are corporate reorganization code, composition code, individual debt rescheduling code, and liquidation code. This article tries to explain the new code, especially about consumer liquidation procedure, exemption procedure, and individual debt rescheduling procedure.