On January 16, 2026, the Law of the Republic of Kazakhstan “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on the Regulation and Development of the Financial Market, Communications, and Bankruptcy” was signed (effective as of March 19, 2026).  

This Law provides for amendments to the Laws of the Republic of Kazakhstan “On Rehabilitation and Bankruptcy” (hereinafter referred to as the Law on Bankruptcy of Legal Entities) and “On the Restoration of Solvency and Bankruptcy of Citizens of the Republic of Kazakhstan” (hereinafter referred to as the Law on Bankruptcy of Citizens). 

Amendments to the Law on Bankruptcy of Legal Entities include:

a revision of the calculation of the bankruptcy administrator’s additional remuneration (Article 13, Paragraph 3); 

the addition of the authority to remove a temporary administrator to the powers of the authorized body (Article 15, Subparagraph 3);

expanding the methods for notifying creditors of a meeting of the creditors’ assembly or committee (Article 25, paragraph 1, and Article 27, paragraph 4);

establishing a time limit for re-filing a petition for bankruptcy after a previous denial (Article 48, paragraph 1-1);

prohibition of the application of rehabilitation proceedings in the absence of creditors other than the creditor for taxes and other mandatory payments (Article 63);

clarification regarding administrative expenses payable following a further extension of the bankruptcy proceedings (Article 84, paragraph 1);

granting bankruptcy administrators the right to petition the court to invalidate the re-registration of a legal entity and establishing the deadline for submitting the final report and liquidation balance sheet to the court  (subparagraph 5 of paragraph 1 and paragraph 2 of Article 89); 

establishing the authority of the creditors’ meeting in the case of a direct sale of the bankrupt’s property (Article 99, paragraph 6).

The implementation of these legislative amendments does not require the development of subordinate regulatory legal acts. Consequently, they apply from the date of entry into force, that is, March 19, 2026. 

Amendments to the Law on Personal Bankruptcy provide for:

- the exclusion of pawnshops from the list of creditors in out-of-court bankruptcy proceedings;

- a reduction in the duration of out-of-court bankruptcy proceedings to 1 (one) month for debtors whose total debt does not exceed 1,600 MCI and whose period of non-performance of obligations exceeds 5 (five) years.

For further questions regarding the bankruptcy of individuals and the restoration of solvency, please call 24-12-21 or contact the Office for Work with Insolvent Debtors of the Zhetysu Region Department of State Revenue at the following address: Taldykorgan, 113 Zhansugurov St., Room 324.

Source : https://www.gov.kz/memleket/entities/kgd-zhetysu/press/news/details/1196033?lang=kk