Article 113. Liquidation of the debtor without initiation of bankruptcy proceedings The Law on Rehabilitation and Bankruptcy
Liquidation of the debtor without initiation of bankruptcy proceedings is carried out in cases where:
1) the debtor is absent;
2) in relation to the debtor, there is a set of circumstances provided for in paragraph 3 of Article 114 of this Law.
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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