Failure to make good the asset shortfall | Bankruptcy Law (5.3.1.2.III.F) • Livv

1004. Failure to make good the asset shortfall

1 minute de lecture

The court may declare the personal bankruptcy of the manager of a legal entity who has failed to pay the debts for which he or she is liable following a judgment to make good a shortfall in assets. Consequently, a corporate manager who deliberately refrains from making any payments in respect of his or her conviction may be sentenced to personal bankruptcy for a period of five years . As an altern …

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Décisions

Les décisions de justice citées dans ce paragraphe :

Cass. com., 7 novembre 2018, n° 17-18.661

Les notions juridiques connexes

Disposal of company property as if it were one's own property
Commercial acts carried out for personal gain
Use of company assets and credit for personal purposes
Abusive continuation of a loss-making operation for personal gain
Misappropriation/dissimulation of assets or fraudulent increase in liabilities

1004. Failure to make good the asset shortfall

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Les décisions de justice citées dans ce paragraphe :

Les notions juridiques connexes

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