A debtor adjudged bankrupt who intentionally disposes of his assets to the prejudice of his creditors:
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 364
Fraudulent Bankruptcy · Preserved transcription; page attribution imported from the source collection. Verify against the original.
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.
A third party who commits or participates in such acts to the prejudice of creditors,
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.