According to the Law of the Republic of Kazakhstan "On Restoration of Solvency and Bankruptcy of citizens of the Republic of Kazakhstan", which entered into force on March 3, 2023, Kazakhstanis can apply on the eGov portal.kz and in the eGov Mobile application, Salyq Azamat, or on paper through the nearest branch of the Public Service Center.
Only the applicant himself can file for bankruptcy.
Before submitting an application, you need to check the following information:
- debt to banks, microfinance organizations, collection agencies should not exceed 5.5 million tenge and the delay period should be at least 12 months (mkb.kz );
- absence of property on the right of ownership, including property in common ownership (Egov.kz .);
- registration of your phone number and spouse in the Database of Mobile citizens (BMG). To register a mobile number, follow the link my.egov.kz .
- a document on debt settlement with a creditor (a second-tier bank or a microfinance organization) is attached to the application.
The settlement document is considered to be:
- the bank's refusal to settle;
- a copy of the application or confirmation of the submission of the application in electronic format (in the absence of a response from the bank);
* for debts to collection agencies, a settlement document is not needed;
- if the debt is not repaid for more than 5 years, the Conditions for the amount of debt and property are not taken into account;
- applicants who have been recipients of the TSA for 6 months can apply for the application of this procedure without taking into account the 12-month delay period;
It should be noted that there are consequences of being declared bankrupt:
- a ban on obtaining loans and credits for 5 years (except for obtaining micro-loans from pawnshops);
- repeated bankruptcy is possible only after 7 years;
- the financial condition of the bankrupt will be monitored for 3 years after bankruptcy.