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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 5: Responsibilities and penalties

    • Title 4: Bankruptcy and other offenses

      • Chapter 1: Bankruptcy

        • Section 1: Component parts

          • I: Sanctioned behavior

            • A: Use of ruinous means

            • B: Resale below market value

            • C: Misappropriation of assets

            • D: Fraudulent increase in liabilities

            • E: Fictitious bookkeeping or no bookkeeping at all

            • F: Clearly incomplete or irregular bookkeeping

            • G: Collusion

          • II: Temporal element

1028. Use of ruinous means

1 minute de lecture

In the event of the opening of receivership or court-supervised liquidation proceedings, Article L. 654-2, 1° of the Commercial Code allows the court to declare bankruptcy if it finds that ruinous means have been used to obtain funds, with the intention of avoiding or delaying the opening of the receivership or court-supervised liquidation procedure, irrespective of the date of cessation of paymen …

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