LAW OF THE REPUBLIC OF KAZAKHSTAN

of December 30, 2022 No. 179-VII ZRK

About modification and amendments in some legal acts of the Republic of Kazakhstan concerning recovery of solvency and bankruptcy of citizens of the Republic of Kazakhstan

Article 1. Make changes and additions to the following legal acts of the Republic of Kazakhstan:

1. In the Civil code of the Republic of Kazakhstan (General part) of December 27, 1994:

To add 1) with Article 20-1 of the following content:

"Article 20-1. Recovery of solvency and bankruptcy of the citizen of the Republic of Kazakhstan

1. In case of inability to meet requirements of the creditor (creditors) to the citizen procedures of recovery of solvency, extrajudicial or judicial bankruptcy on conditions and according to the procedure which are provided by the Law of the Republic of Kazakhstan "About recovery of solvency and bankruptcy of citizens of the Republic of Kazakhstan" are applied.

2. Operation of this article does not extend to the physical persons registered as individual entrepreneurs according to the procedure, stipulated by the legislation the Republic of Kazakhstan.";

Article 56 to exclude 2).

2. In the Civil code of the Republic of Kazakhstan (Special part) of July 1, 1999:

Article 728 to add 1) with part five of the following content:

"Issue of loan to the citizen within five years from the date of placement of the announcement of the completion of the procedure of extrajudicial bankruptcy or the procedure of judicial bankruptcy according to the procedure provided by the Law of the Republic of Kazakhstan "About recovery of solvency and bankruptcy of citizens of the Republic of Kazakhstan", except for the loans issued by pawnshops on the security of personal estate, not being subject to state registration is forbidden to the banks and the organizations performing microfinancial activities.";

Part third of Item 1 of Article 740 to add 2) with subitems 8-1) and 8-2) of the following content:

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