A debtor who intentionally frustrates, in whole or in part, the satisfaction of one's debt by damaging, destroying, transferring without value or for substantially reduced value, concealing or appropriating without equivalent and marketable collateral, any of one's property, or who creates false debits or contracts
Penal Code
2015 English source edition · Current applicability not established.
English-language 2015 Ministry of Justice edition. Refworld catalogues this English expression as an unofficial translation; Eri Atlas has not independently verified the translation.
Article 356
Fraud against Creditors · Preserved transcription; page attribution imported from the source collection. Verify against the original.
is guilty of defrauding creditors, a Class 1 petty offence, punishable with a definite term of imprisonment of not less than 6 months and not more than 12 months, or a fine of 20,001 – 50,000 Nakfas, to be set in intervals of 2,500 Nakfas.