Article 25. Inventory of the debtor's property of the Law on Restoration of Solvency and Bankruptcy of Citizens of the Republic of Kazakhstan
1. The financial manager shall carry out an inventory of the debtor's property within ten working days from the date of the court ruling on the initiation of proceedings on the application of the procedure for restoring solvency or judicial bankruptcy.
2. The inventory of property is carried out in the presence of the debtor.
The debtor's close relatives or other persons authorized by him may also be present during the inventory of property.
3. The act of inventory of the debtor's property shall specify:
1) the time and place of drawing up the act;
2) last name, first name and patronymic (if it is indicated in the identity document) of the financial manager who drew up the act;
3) the surname, first name and patronymic (if it is indicated in the identity document) of the debtor;
4) the name of each item, its distinctive features;
5) the market value of each item individually and of the entire property.
The act of inventory of the debtor's property is signed by the financial manager and the debtor (a person authorized by him).
4. Amendments and (or) additions to the inventory report may be made if the court decides to terminate the solvency restoration procedure and apply the bankruptcy procedure.
This Law regulates public relations arising in the event of the insolvency of a citizen of the Republic of Kazakhstan, establishes the grounds for the application of the procedure for restoring solvency, as well as the procedures for out-of-court and judicial bankruptcy, the procedure and conditions for their conduct.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases
