Article 176-1. Illegal actions during the restoration of solvency and bankruptcy of citizens of the Republic of Kazakhstan who are not registered as an individual entrepreneur of the Code of the Republic of Kazakhstan on Administrative Offenses
1. Concealment of property or property obligations, information about property, its size, location or other information about property, transfer of property to other ownership, alienation or destruction of property, as well as concealment, destruction, falsification of title documents, if these actions were committed by a citizen of the Republic of Kazakhstan, not registered as an individual entrepreneur, in the restoration procedure solvency, out-of-court or judicial bankruptcy, –
they entail a fine in the amount of one hundred monthly calculation indices.
2. Unlawful satisfaction of property claims of individual creditors by a citizen of the Republic of Kazakhstan who is not registered as an individual entrepreneur, knowingly to the detriment of other creditors in the procedure of restoration of solvency or judicial bankruptcy –
entails a fine in the amount of fifty monthly calculation indices.
President
Republic of Kazakhstan
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