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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage

  • Introduction

  • Part 5: Responsibilities and penalties

    • Title 3: Personal bankruptcy and other prohibition measures

      • Chapter 1: Sanctioned behavior

        • Section 1: Restrictive nature of the list

        • Section 2: Common system

          • I: Shortcomings attributable to individuals

          • II: Defects attributable to the sole trader

          • IV: Failures attributable to any person

            • A: Carrying on an activity in violation of a prohibition

            • B: Purchases with a view to resale at a loss or use of ruinous means

            • C: Undertaking disproportionate commitments on behalf of others

            • D: Preferential payment of a creditor

            • E: No cooperation with the procedure

            • F: Accounting infringements

            • G: Declaration of an assumed claim on behalf of a creditor

        • Section 4: Temporal element

1007. Undertaking disproportionate commitments on behalf of others

1 minute de lecture

The court may declare the personal bankruptcy of any person referred to in Article L. 653-1 of the Commercial Code who has entered into commitments on behalf of others, without compensation, which were deemed too large at the time they were entered into, given the situation of the company or legal entity . This applies in particular when a manager enters into employment contracts for the benefit o …

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