A mother of three has been declared bankrupt by a court decision in the city of Taraz. The woman had taken loans from 7 sources. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
The total amount of debt exceeded 7.4 million tenge. Loan payments were made for one year. However, the debt settlement procedure did not yield results. After that, the mother of three asked the court to declare her bankrupt.
The court's statement said: "According to the financial manager's conclusion and the inventory act, the debtor has no property subject to sale. No real estate, vehicles or valuable assets are registered in her name. The debtor is officially registered as unemployed. She divorced two years ago."
Currently, she lives in a rented apartment with three minor children. Her youngest child requires constant care and treatment due to a congenital illness.
The court granted the application. The financial manager was instructed to publish information about the bankruptcy, remove all restrictions and collection orders, and open a special account for settlements with creditors.
During bankruptcy, taking loans and traveling outside Kazakhstan are prohibited. The court decision has entered into legal force.