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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 5: Responsibilities and penalties

    • Title 2: Liability for insufficiency of assets

      • Chapter 2: Liability for breach

        • Section 1: De jure director/manager

        • Section 2: De facto managers

        • Section 3: Individual undertakings

986. Individual undertakings

1 minute de lecture

The provisions relating to liability for insufficient assets apply to individual limited liability entrepreneurs and sole traders . When a court-supervised liquidation has been opened or pronounced in respect of the activity of a sole proprietor with limited liability to which assets are assigned, the court may order the sole proprietor to pay all or part of the shortfall in assets if he or she ha …

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