Nearly 100,000 Kazakh Citizens Declared Bankrupt, Debts Totaling Hundreds of Billions of Tenge

According to the Committee of State Revenues, 98,600 Kazakh citizens have been declared bankrupt, with their debts amounting to 373 billion tenge. Currently, 23,000 more citizens are undergoing bankruptcy proceedings, with total debts of 134.5 billion tenge. The personal bankruptcy law was introduced in Kazakhstan in March 2023.

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Headline and summary written by daryo. The full report belongs to Kursiv.