skip to Main Content

Law n° 1.494 of 8 July 2020 relating to the fraudulent organisation of insolvency inserts new articles concerning the fraudulent organisation of insolvency (Articles 368-1 to 368-3 of the Penal Code).

The fact, by a debtor, even before the final judicial decision establishing his debt, of organising or aggravating his insolvency is punishable by one to three years imprisonment and the fine provided for in n°4 of Article 26.

The court may decide that the person convicted as an accomplice to the offence article shall be jointly and severally liable to the pecuniary obligations resulting from the sentence from which the offender wished to escape.

Back To Top