The duration of the out‑of‑court bankruptcy procedure has been reduced

🔰 One of the mechanisms for getting rid of the debt burden is an out – of-court bankruptcy procedure, the term of which is 6 (six) months (Law of the Republic of Kazakhstan"on restoration of solvency and bankruptcy of citizens of the Republic of Kazakhstan"). 🔹 On January 16, 2026 (effective from March 19, 2026), amendments were signed providing for a reduction in the specified period for certain categories of citizens. In particular, from March 19, 2026, the total debt amounted to 1,600 MCI (6 million MCI). In respect of citizens whose obligations do not exceed 920 thousand tenge) and whose term of non-fulfillment exceeds 5 (five) years, an out-of-court bankruptcy procedure is carried out within 1 (one) month. 🔹 These changes are another step towards optimizing the procedure for out-of-court bankruptcy and reflect the openness and flexibility of the state apparatus in responding to the needs of society.