Article 51. Securing creditors' claims The Law on Rehabilitation and Bankruptcy
The court, at the request of the creditor, the prosecutor or another person involved in the case, has the right to take the following measures to ensure the creditors' claims:
1) to seize the debtor's property (part of the property), including money;
2) prohibit the debtor from performing actions that may lead to a decrease in his property or otherwise infringe on the interests of creditors;
3) suspend the recovery of enforcement or other documents, according to which the recovery is carried out in an undisputed (non-acceptance) manner;
4) other actions aimed at preserving the debtor's property for the period of bankruptcy proceedings.
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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