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Article 91. Consideration of creditors' claims The Law on Rehabilitation and Bankruptcy
1. The interim administrator is obliged to notify each creditor in writing on the day following the day of the decision on the results of consideration of creditors' claims (on recognition or non-recognition of the claim in full or in part, indicating the reasons for non-recognition). According to the creditors' claims filed after the debtor is declared bankrupt, the temporary or bankrupt manager is obliged to notify such creditor in writing on the day following the day of the decision.
In the notice of recognition of the creditor's claim (in full or in part), the temporary or bankrupt manager must specify the date, time, place and agenda of the first creditors' meeting.
The provisions of part two of this paragraph shall apply to the bankrupt manager in the event that the court decides to terminate the rehabilitation procedure, declare the debtor bankrupt and liquidate him with the initiation of bankruptcy proceedings.
2. In case of disagreement with the decision of the temporary or bankrupt manager, the creditor has the right, within ten working days from the date of receipt of the notification of the results of the consideration of claims, to appeal such a decision to the bankruptcy court.
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
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
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