Considered in court - the application is submitted to the court at the debtor's place of residence Condition: - the amount of debt does not exceed the value of the property owned Wellness activities: - sale of part of the property, lease of the property - sale of housing with the purchase of a new one, exchange for housing with a lower cost, etc. Advantages: - the status of "bankrupt" is not assigned - without negative consequences (financial monitoring is not carried out, there are no restrictions on obtaining a loan) - installment payment on debts (up to 5 years) - financial manager's assistance in developing a solvency recovery plan - the possibility of writing off part of the debt.

Source : https://www.gov.kz/memleket/entities/kgd-kostanay/press/news/details/989686?lang=kk