How do I renounce inheritance of debt?

I understand you are asking about the methods and deadlines for debt inheritance renunciation.

As in the situation you mentioned, if the deceased's debts exceed the assets, you can legally renounce the inheritance.

Debt inheritance renunciation is recognized as effective only if filed with the family court within 3 months from the date of becoming aware of the commencement of inheritance under the Civil Act.

Generally, this is calculated from the date of the deceased's death, but if the existence of debts is discovered later, it may be calculated from the date of awareness.

The competent court is determined based on the deceased's last residence, and documents to be submitted include the inheritance renunciation cancellation report and seal certificate.

Once the court accepts this, the heir does not inherit assets or debts at all and is treated as if they were never an heir from the beginning.

Also, in principle, once an inheritance renunciation is accepted, it cannot be withdrawn.

Accordingly, if the scale of debt is unclear, it is best to carefully decide by comparing with the "qualified acceptance" procedure.

If necessary, please consult with an expert such as an inheritance attorney.