On January 16, 2026, the Law on Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Regulation and development of the financial market, communications industry and Bankruptcy was signed. This law provides for amendments to the Law of the Republic of Kazakhstan "on Restoration of Solvency and Bankruptcy of Citizens of the Republic of Kazakhstan" (hereinafter referred to as the Law). What has changed and what procedures👇 The law provides for 3 procedures: тыс out-of-court bankruptcy , bankruptcy through the court 🔹 restoration of solvency Bankruptcy and out-of-court bankruptcy The application is submitted through the eGov portal or eGov mobile. Applications are considered by state revenue bodies. Applies only for the following arrears: banks 🏦 микро microfinance organizations колл collectors Terms and conditions: ✔ debt not more than 1600 MCI (≈ 6.9 million ₸) ✔ Unpaid for more than 12 months ✔ lack of registered property Special cases: Алсаңыз 6 months if you receive TSA-the period of non-payment is not taken into account қарыз if the debt is not paid for more than 5 years — the terms do not apply 📌 Important: - pawnshops are not included in this procedure — if the debt exceeds 5 years — the procedure can be completed in just 1 month , Bankruptcy through the court The application is submitted to the court at the place of residence. Applies to all debts except the following debts: al alimony The harm caused to life and health has been eliminated kylmystyk criminal damage keybir some payments to the budget Conditions: ✔ debt over 1600 MCI ✔ Unpaid for more than 12 months ✔ the presence or absence of property If there is no property , the loan amount does not matter . What you need to know: , the property is being sold at auction zhalgyz is a secluded refuge: - if on bail → can be taken - no deposit → can not be withdrawn A financial manager is appointed for tagayindalady (≈1 minimum wage per month) мерзімі term: 6 months (+can be extended for another 6 months) Restrictions: несие you can't take a loan мүлікті property cannot be sold 🌍 travel abroad is prohibited Салдары consequences of bankruptcy: Болмайды 5 years can't get a loan қайта go bankrupt again-after 7 years Мүлікке 3 years of property control Келтіру restoration of solvency The application is submitted to the court. Contract: ✔ debt does not exceed the value of the property or there is a stable income What can be done: сату sale of part of the property мүлікті rental of property ауыстыру replacing housing with cheaper