Penal Code · English · 2015
Article 364
Fraudulent Bankruptcy
A debtor adjudged bankrupt who intentionally disposes of his assets to the prejudice of his creditors:
#materially, by assigning or destroying, damaging, depreciating or rendering useless all or part of the property constituting his assets; or
#fictitiously, by removing or concealing property, by relying on or recognizing non-existent debts or claims or by inciting a third person to make fictitious claims, or in any other manner pretending that his assets is less than it is in fact,
#is guilty of fraudulent bankruptcy, a Class 8 serious offence, punishable with a definite term of imprisonment of not less than 3 years and not more than 5 years.
#is guilty of fraudulent bankruptcy, a Class 8 serious offence, punishable with a definite term of imprisonment of not less than 3 years and not more than 5 years.
#