Debt Relief
Multiple Debt / Over-indebtedness
Situation where a person borrows from multiple lenders and cannot repay. Total lending cap is 1/3 of annual income. Resolution: voluntary arrangement, personal rehabilitation, or bankruptcy.
Statute Reference
貸金業法13条の2
Related Terms
Related Articles
Personal Bankruptcy in Japan: Procedure and Consequences
Guide to personal bankruptcy in Japan: procedures, consequences, and what assets you can keep.
Debt Restructuring in Japan: Voluntary vs. Court-Supervised Rehabilitation
Comparison of voluntary debt restructuring and individual rehabilitation in Japan, including mortgage protection provisions.
Free Tools
This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.
Find a lawyer through your local bar association
JFBA Legal Consultation Guide →