As part of the event, organized by ID Collect (IDF Eurasia group), issues of interaction between private enforcement officers (PEO) and ID Collect, as well as new legislative changes, were discussed.

“In our work, we often encounter untimely provision of data by the PEO, as a result of which problems arise both with debtors and with the regulator. The purpose of the conference was to convey problematic issues to colleagues, get feedback from them and discuss further opportunities for cooperation,” says Anuar Otarbayev, CEO of ID Collect.

He explained that when the debtor repays the debt in full, the money comes to a special account to the PEO, then the amount of the debt must be sent to the agency, after which all restrictions, arrests are removed from the client. If, after debt collection, the PEO does not transfer the amount of the debt in a timely manner, the client’s debt remains unpaid, and he faces many difficulties: he is refused when applying for a new loan, opening an account, the opportunity to travel outside the Republic, etc.

«The relevance of the conference was also that we needed to personally get acquainted with the PEO and discuss the details of interaction, since a large volume of executive documents is being transmitted, in this regard we are forced to monitor their activities as well,» Anuar Otarbayev commented.

In addition, new legislative norms were announced at the conference, which will affect all participants of the conference in the future. In particular, it was about the introduction of the mechanism of bankruptcy of individuals.

«Since PEO do not participate in working groups, and are not always aware of legislative innovations, we informed them that a new law on bankruptcy of individuals will be adopted in the near future, which will directly affect their activities, too, as there will be a need to terminate enforcement proceedings and write off such debts for losses,» Anuar Otarbayev concluded.