Fraudulent Bankruptcy SRL: Cases and Sanctions Provided by Law

Introduction to Fraudulent Bankruptcy

Fraudulent bankruptcy is one of the most serious crimes in bankruptcy law, characterized by intentional actions aimed at compromising a company's assets to the detriment of creditors. This type of crime can involve both limited liability companies (SRL) with multiple partners and sole proprietorships (SRL unipersonali).

Cases of Fraudulent Bankruptcy for SRL

Italian law establishes several cases in which fraudulent bankruptcy may occur. Here are some typical scenarios:

• Diverting assets: When company assets are wrongly removed or used for purposes unrelated to business activities.
• Falsification of accounting documents: Altering accounting books to conceal the company's true financial situation.
• Simulation of liabilities: Creating non-existent debts to justify the reduction of the company's assets.

"The fraudulent intent is at the heart of the crime of fraudulent bankruptcy, implying a deliberate intention to harm creditors."

What Are the Sanctions for Fraudulent Bankruptcy?

The penalties for fraudulent bankruptcy can be severe, reflecting the seriousness of the crime. The regulations provide for:

• Imprisonment from three to ten years.
• Temporary disqualification from executive offices of legal entities and businesses.
• Possible confiscation of assets obtained through fraudulent activity.

Contact the Bianucci Law Firm

If you need clarification or legal assistance regarding fraudulent bankruptcy, the Bianucci Law Firm is at your disposal. Our team of experts is ready to provide you with the necessary support to address any legal issue competently and professionally.