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221

Article 221

Des Banqueroutes

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

Les banqueroutiers frauduleux sont tous ceux dont la fraude est prouvée; tous ceux qui auront diverti leurs effets, supposé des créanciers, ou supposé qu'il n'était pas dû aux véritables.

Life lesson: You're a fraudulent bankrupt if you hid assets, invented fake creditors, or denied debts to your real ones.
Notes: Fraudulent bankrupt definition: (1) proven fraud, (2) asset diversion, (3) fabricated creditors, (4) denial of debts to real creditors. Four categories of fraudulent conduct.
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