Article 53. The procedure for the enactment of this Law, the Law on the Restoration of Solvency and Bankruptcy of Citizens of the Republic of Kazakhstan
This Law shall enter into force sixty calendar days after the date of its first official publication, with the exception of subitems 7) and 8) of Article 9 and paragraphs 1, 2, 4 and 5 of Article 15, which shall enter into force from the date of its first official publication.
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
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