Please tell me the costs incurred when filing for corporate business bankruptcy and the points to note about bankruptcy.

If you intend to proceed with corporate business bankruptcy, I will first explain the costs involved.

When filing for corporate business bankruptcy, if the debtor files, a government revenue stamp (stamp fee) of 1,000 won must be purchased and attached to the bankruptcy petition, and if a creditor files, the amount is 30,000 won. In addition, the service fee is a base of 204,000 won plus the number of creditors × 5,100 won × 3.

If the court issues an order for advance payment, the designated advance deposit must be paid, and failure to do so may result in dismissal of the bankruptcy petition.

However, the Seoul Rehabilitation Court and the Suwon Rehabilitation Court have significantly eased the standards for the advance deposit in corporate business bankruptcy, so that if the total debt is less than 10 billion won, the corporate advance deposit has been standardized at 5 million won.

The points to note when proceeding with corporate business bankruptcy are as follows.

-If the corporation is undergoing rehabilitation proceedings, the corporate business bankruptcy procedure is suspended

-Whether rehabilitation is in progress must be stated in the petition

Corporate business bankruptcy is not a procedure that ends simply by submitting a petition; there are many documents to prepare and several matters to check during the process.

Creditor information must be organized, all of the company's assets must be listed without omission, and in some cases matters relating to the right of avoidance must also be examined.

Because the procedure is complex and has many detailed requirements, preparing in advance through a consultation with a professional can minimize unnecessary delays or problems that may arise during the process.

It is also important to fully understand and prepare for the subsequent procedures after the declaration of corporate bankruptcy, such as the appointment of a trustee and the disposal of assets.

Corporate business bankruptcy does not end with a simple filing; only by preparing systematically, including complex document preparation and responses to correction orders, can a corporate business proceed smoothly through the bankruptcy process.

For details, please confirm through a consultation with this firm's attorney handling corporate rehabilitation and bankruptcy.

Daeryun, ranked 9th among law firms in Korea (based on 2025 National Tax Service value-added tax filings), provides trust-based legal services and assists with the overall practice of insolvency proceedings, including corporate bankruptcy and corporate rehabilitation.