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Article 112. Completion of bankruptcy liquidation The Law on Rehabilitation and Bankruptcy
1. The liquidation of a bankrupt is considered completed, and the bankrupt is deemed to have ceased to exist after making an entry about it in the state registers of legal entities or removing an individual from registration as an individual entrepreneur, except for the cases provided for by this Law.
The completion of the bankruptcy liquidation terminates the powers of the bankruptcy trustee.
2. Orders on the exclusion of a bankrupt from the register of legal entities by the bodies carrying out state registration of legal entities are sent to the court and the authorized body, as well as the state revenue body at the location of the bankrupt.
3. Excluded by the Law of the Republic of Kazakhstan dated December 27, 2019 No. 290-VI (effective ten calendar days after the date of its first official publication).
4. The sale of a bankrupt company is the basis for the cancellation of a court decision declaring the debtor bankrupt and its liquidation with the initiation of bankruptcy proceedings by the court that issued the decision.
After the cancellation of the decision, the legal entity or individual entrepreneur continues to carry out its activities.
The Law of the Republic of Kazakhstan dated March 7, 2014 No. 176-V SAM.
This Law regulates public relations arising from the debtor's inability to satisfy creditors' claims in full, establishes the grounds for applying debt restructuring procedures, rehabilitation procedures and declaring the debtor bankrupt, liquidating the debtor without initiating bankruptcy proceedings, and also defines the procedure and conditions for their conduct.
President
Republic of Kazakhstan
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