Article 107-1. The amount and procedure for satisfying creditors' claims of the sixth stage of the Law on Rehabilitation and Bankruptcy
If the property is insufficient, the creditors' claims specified in paragraph 7 of Article 100 of this Law shall be satisfied in proportion to the amounts of their claims included in the register.
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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