The Consumer Debt Clearance Statute Article 42
This English translation was last updated on 2018-12-26, but the Chinese text was amended on 2021-06-16. Later amendments may not be reflected in the translation — please refer to the Chinese text.
If the total amount of the principal and interest of the debt which is unsecured or without preferential right does not exceed NTD 12,000,000, the debtor may apply to the court for rehabilitation before the initiation of the liquidation process is ruled on or the bankruptcy is announced by the court.The total amount of the debt under the preceding paragraph may be added or reduced by order of the court, if circumstance so requires.
中文原文 消費者債務清理條例第42條
債務人無擔保或無優先權之本金及利息債務總額未逾新臺幣一千二百萬元者，於法院裁定開始清算程序或宣告破產前，得向法院聲請更生。
前項債務總額，司法院得因情勢需要，以命令增減之。
前項債務總額，司法院得因情勢需要，以命令增減之。