I am curious about the qualifications and procedures for filing corporate rehabilitation.

Corporate rehabilitation is a legal procedure that helps companies experiencing financial difficulties to have their debts adjusted and normalize their management.

Companies with rehabilitation potential can apply for rehabilitation. Under the Debtor Rehabilitation and Bankruptcy Act, not only commercial companies but also individual businesses can use the corporate rehabilitation filing system.

The rehabilitation procedure proceeds in the order of application for commencement of rehabilitation procedure, preservation disposition and suspension order, decision to commence rehabilitation procedure, declaration and investigation of rehabilitation claims, submission and approval of rehabilitation plan, etc.
It is true that corporate rehabilitation has much more complex procedures and requirements than individual rehabilitation.

Many complex legal and practical tasks such as drafting the rehabilitation plan, negotiating with creditors, and responding to the court mean that the assistance of a specialist attorney is essential.

The specialist attorney diagnoses the company's situation and conducts a legal diagnosis accordingly.

Then, corporate value evaluation and liquidation value evaluation, which are corporate rehabilitation filing inspection items, and the company's management evaluation are conducted.

Corporate rehabilitation costs vary greatly depending on the company's size and the complexity of the case. Usually, attorney fees range from several million won to several tens of millions of won, and stamp fees and service fees paid to the court can also amount to tens of thousands of won or more separately.

Rehabilitation is not simply a procedure to reduce debt, but a major reconstruction process that determines the company's future, so please proceed with the corporate rehabilitation filing procedure with the help of a specialist attorney.