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 regulation and development of the financial market, Communications and Bankruptcy" was signed. This Law provides for amendments to the Law of the Republic of Kazakhstan "On Restoration of Solvency and Bankruptcy of Citizens of the Republic of Kazakhstan" (hereinafter – the Law).

What has changed and what procedures are in place👇

The law provides for 3 types of procedures:
out-of-court bankruptcy
, judicial bankruptcy
🔹 restoration of solvency

, Out - of - court bankruptcy
Submitting an application via eGov or eGov mobile. They are considered by the state revenue authorities.

Applies only to debts owed to:
🏦 banks
, MFIs
, collectors

Conditions:
✔️ debt up to 1600 MCI (≈ 6.9 million))
✔️ overdue for 12+ months
✔️ lack of registered property

Special cases:
🔸 you receive a 6—month TSA - the delay period is not taken into account
🔸 the debt has not been paid for more than 5 years — the conditions do not apply

Important:
— pawnshops are excluded from this procedure
— if the debt is more than 5 years old — the procedure may take only 1 month

, Judicial bankruptcy
Filing an application to the court at the place of residence.

Applies to almost all debts except:
, alimony payments
❌ harm to life and health
, criminal damage
, individual payments to the budget

Conditions:
✔️ debt over 1600 MCI
✔️ delay of 12+ months
✔️ the presence or absence of property

If there is no property , the amount of debt does not matter .

What is important to know:
💼 The property is being sold at auction
, the only accommodation:
— as collateral → can be taken away
— not pledged → not touched

👤 a financial manager is appointed (≈ 1 minimum wage/month)

Duration: 6 months (+ 6 more if extended)

Restrictions:
🚫 you can not take loans
🚫 Property cannot be sold
🌍 ban on traveling abroad

Consequences of bankruptcy:
Loans cannot be taken for 5 years
, repeated bankruptcy — after 7 years
👀 Property control — 3 years

🔄 Restoration of solvency
Filing an application to the court.

Condition:
✔️ the debt does not exceed the value of the property or there is a stable income

What you can do:
🏠 sell part of the property
, to rent out the property
, exchange housing with a lower cost

Source : https://www.gov.kz/memleket/entities/kgd-karaganda/press/news/details/1233550?lang=ru