--- title: "Seminar on “Personal Bankruptcy”" country: KZ lang: en author: Сапа Т.И. (https://buhgpt.kz/authors/sapa-ti) date: 2026-10-13 canonical: https://buhgpt.kz/suraqtar/ceminar-na-temu-bankrotstvo-fizicheskih-lic-en source: BuhGPT --- # Seminar on “Personal Bankruptcy” > **TL;DR:** What happened From 28 to 30 September 2026, the Training and Methodology Center, jointly with the Department for Work with Insolvent Debtors of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, held an online seminar on personal bankruptcy. --- What happened From 28 to 30 September 2026, the Training and Methodology Center, jointly with the Department for Work with Insolvent Debtors of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, held an online seminar on personal bankruptcy. The purpose of the event was to develop practical skills in applying personal bankruptcy legislation. The announced topic covered the procedure for out-of-court and judicial bankruptcy, the solvency restoration procedure, and the legal consequences of applying the mechanisms provided for by law. The online format made it possible to focus on the practical aspects of the issue: participants need not only to distinguish between the available procedures but also to understand which circumstances must be taken into account when dealing with a citizen’s specific situation. Which issues were the focus of attention The topic of personal bankruptcy encompasses several distinct areas. One of them is choosing the appropriate procedure. The seminar announcement specifically mentioned out-of-court bankruptcy, judicial bankruptcy, and solvency restoration. These mechanisms cannot be regarded as interchangeable: each involves a separate course of action and requires an assessment of the debtor’s circumstances. Practical work on such applications usually begins with collecting and verifying information. It is necessary to establish the composition of the obligations, review the debt documents, and determine the outcome the applicant wishes to achieve. It can then be determined whether the applicant’s situation meets the conditions of a particular procedure. An equally important part of the topic is the consequences of the decision made. Before applying for bankruptcy, a person should understand that the procedure affects not only their current debts but also their future legal and financial position. This is why explaining the consequences was identified among the seminar’s objectives, alongside studying the procedures. Who the seminar topic concerns The material is primarily relevant to professionals who advise citizens experiencing financial difficulties or participate in work with insolvent debtors. It is also useful for accountants and other employees of organizations when they need to respond appropriately to information about proceedings involving an individual. For citizens themselves, the key issue is not the formal choice between judicial and out-of-court options but the correct assessment of their situation. The mere existence of debt does not automatically provide grounds for considering a particular procedure appropriate. A decision should be made after reviewing the documents and the requirements of the applicable legislation. An employer or accountant should not independently draw conclusions about an employee’s status based solely on their verbal statement. If information about the procedure is relevant to calculations or the execution of official documents, proper supporting evidence must be relied upon, and action must be taken within the scope of the document received. How to prepare for reviewing a situation Before seeking advice on bankruptcy, it is useful to organize the available information. This will reduce the risk of overlooking a material obligation or choosing a course of action without sufficient grounds. It is recommended to: - prepare a complete list of creditors and obligations; - collect agreements, notices, court documents, and enforcement documents, if any; - verify information about income, property, and payments made; - record which debt settlement measures have already been taken; - separately clarify the conditions of each possible procedure under the applicable legislation; - assess in advance the legal consequences of the chosen option. It is important for the professional to distinguish circumstances supported by documents from the applicant’s assumptions. If the information is insufficient, it is safer to request the missing documents first and then provide practical recommendations. The current conditions, restrictions, and application procedure should be checked using official government resources as of the date the application is prepared. Frequently asked questions When was the seminar held? — The online event was held from 28 to 30 September 2026. Who organized the seminar? — It was held by the Training and Methodology Center and the Department for Work with Insolvent Debtors of the SRC of the MF RK. Which procedures were covered? — The announcement mentioned out-of-court and judicial bankruptcy, as well as solvency restoration. Can a procedure be selected solely based on the existence of debt? — No, making a practical decision requires reviewing the citizen’s circumstances, documents, and the applicable legal requirements. Why is it important to examine the consequences of bankruptcy in advance? — The chosen procedure may affect the citizen’s future legal and financial position, so the consequences should be assessed before applying. Sources Seminar on “Personal Bankruptcy” --- _BuhGPT — ИИ-помощник для бухгалтеров Казахстана: https://buhgpt.kz_