On the restoration of solvency and bankruptcy of citizens of the Republic of Kazakhstan
Law of the Republic of Kazakhstan dated December 30, 2022 No. 178-VII ЗРК. Article 1, as amended on June 30, 2025 No. 205-VIII
11) out–of–court bankruptcy procedure is a procedure carried out against a debtor out of court in order to terminate obligations under bank loan agreements and microcredit agreements for individuals to second-tier banks, branches of a non-resident bank of the Republic of Kazakhstan, organizations engaged in certain types of banking operations, organizations engaged in microfinance activities, or collection agencies.
11) out–of–court bankruptcy procedure is a procedure carried out against a debtor out of court in order to terminate obligations to second-tier banks, branches of a non-resident bank of the Republic of Kazakhstan, organizations engaged in certain types of banking operations, organizations engaged in microfinance activities, or collection agencies.