How to File for Personal Bankruptcy in Kazakhstan?

Personal bankruptcy in Kazakhstan is a legal procedure for individuals who cannot meet their debt obligations.

What procedures are available?

Kazakhstan provides three procedures:

• out-of-court bankruptcy;
• court bankruptcy;
• restoration of solvency.

Out-of-court bankruptcy

Out-of-court bankruptcy is processed without going to court. The application can be submitted through eGov.kz, eGov Mobile, e-Salyq Azamat, or a Public Service Center.

Court bankruptcy

Court bankruptcy applies when a citizen does not meet the requirements for the out-of-court procedure. In this case, the application is filed with the court.

Restoration of solvency

This procedure is for citizens who have income and can gradually repay debts under an approved plan.

What documents are needed?

Usually, the following are required:

• ID document;
• loan agreements;
• debt certificates;
• income information;
• property information;
• bank account statements;
• list of creditors;
• bailiff documents, if enforcement proceedings exist.

What are the consequences?

After bankruptcy, there may be restrictions on obtaining loans, repeated bankruptcy, and financial monitoring. Some obligations, such as alimony, are not written off.

Conclusion

To file for bankruptcy, you need to determine the appropriate procedure, collect documents, and submit an application through electronic services or to the court.

FAQ

Can all debts be written off?

No, some obligations are not discharged.

Where should the application be submitted?

Out of court — through eGov.kz, eGov Mobile, e-Salyq Azamat, or a Public Service Center. Court procedure — to the court.

Which is better: bankruptcy or restoration of solvency?

If there is stable income, restoration of solvency may be more beneficial.