Article 39. Persons involved in rehabilitation or bankruptcy proceedings The Law on Rehabilitation and Bankruptcy
The persons involved in the rehabilitation or bankruptcy case may be:
1) the debtor;
2) creditors;
3) representative of creditors on remuneration;
4) the prosecutor;
5) the owner of the property (the body authorized by him), the founder (participant) of the debtor legal entity;
6) authorized body;
7) the administrator.
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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