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186

Article 186

Des Faillites

Commercial Law
Titre IV: Des Faillites et Banqueroutes (On Bankruptcies and Fraudulent Bankruptcies)
Chapitre I: Des Faillites (On Bankruptcies)

Le failli est de droit dessaisi de tous ses biens, du moment que sa faillite est constatée.

Life lesson: The moment bankruptcy is official, you lose control of everything you own — automatically.
Notes: Automatic divestiture: bankrupt loses control of all property by operation of law (de droit) upon establishment of bankruptcy. Immediate effect.
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