The next day, Nora is anxiously moving about the house, afraid that Krogstad will appear at any minute. However she is very lucky as she has the preparations for a big costume ball that will take place the next night, to preoccupy her. She converses with a concerned Mrs. Linde while Mrs. Linde repairs her dress. When Torvald returns from the bank, where he has been taking care of business, she again takes up her pleas on behalf of Krogstad. This time, Torvald not only refuses, but also sends off the notice of termination that he has already prepared for Krogstad, reassuring a scared Nora that he will take upon himself any bad things that befall them as a result. Nora is extremely moved by this comment and begins to consider the possibility of this episode transforming their marriage for the better as well as the possibility of suicide. Meanwhile, it is at this point that the first sub-plot is introduced between a flirty Nora and a very willing Dr. Rank. Learning that he is dying, she takes up an intimate conversation that culminates in him professing his love just before she is able to ask him for a favor with her problem about the loan. However, his words stop her and their talk is interrupted by the announcement of Krogstad. Nora asks Dr. Rank to leave and has Krogstad brought in. Her loaner tells her that he has had a change of heart and that, though he will keep the bond, he will not reveal her to the public. Instead, he wants to give Torvald a note explaining the matter so that Torvald will be pressed to help Krogstad re-establish himself. Nora protests Torvald's involvement, but Krogstad drops the letter in Torvald's letterbox anyway, much to Nora's horror. Nora exclaims aloud that she and Torvald are lost. However, she still tries to use her charms to prevent Torvald from reading the letter, luring him away from business by begging him to help her with her tarantella for the next night's ball. He agrees to put off business until after the tarantella is over.
The next night, before Torvald and Nora return from the ball, is the point in which the second sub-plot is introduced between Mrs. Linde and Krogstad, as old lovers, reunite in the Helmer's living room. Mrs. Linde asks to take care of Krogstad and his children and to help him become the better man that he knows he is capable of becoming. Then Helmer returns from the ball as Mrs. Linde is leaving, Krogstad had already left, Torvald nearly dragging Nora into the room. Alone, Torvald tells Nora how much he desires her but is interrupted by Dr. Rank. The Doctor, unknown to Torvald, has come by to say his final farewells, as he secretly explains to Nora. After he leaves, Nora is able to deter Torvald from pursuing her anymore by reminding him of the ugliness of death that has just come between them as Nora reveals Dr. Rank's secret and, seeing that Torvald has collected his letters, resigns herself to committing suicide. As she is leaving, though, Torvald stops her. He has just read Krogstad's letter and is enraged by its contents, accusing Nora of ruining his life. He tells her that he plans on leaving her, contrary to his earlier claim that he would take on everything himself. During his outburst, he is interrupted by the maid bearing another note from Krogstad, which is addressed to Nora. Torvald reads it and becomes overjoyed Krogstad has had a change of heart and has sent back the bond. Torvald quickly tells Nora that it is all over, that he has forgiven her, and that her pathetic attempt to help him has only made her more attractive than ever. Nora, seeing Torvald's true character for the first time, sits her husband down to tell him that she is leaving him. After protestations from Torvald, she explains that he does not love her and, after tonight, she does not love him. She tells him that, given the suffocating life she has led until now, she owes it to herself to become fully independent and to explore her own character and the world for herself.