Fraudulent Bankruptcy: A Complete Guide

Fraudulent bankruptcy is a complex crime that manifests in various forms, each with particular characteristics and legal implications. In Italy, this crime is regulated by the criminal code and occurs when an entrepreneur or an administrator commits unlawful acts to circumvent obligations to creditors.

Types of Fraudulent Bankruptcy

Navigating the various types of fraudulent bankruptcy can be complicated. Here’s an overview of the main categories:

• Fraudulent bankruptcy by distraction: This occurs when the administrator or debtor diverts company assets for purposes other than business use, thereby harming creditors.
• Documentary fraudulent bankruptcy: This type of bankruptcy happens when accounting documents are altered or destroyed to hide the true economic situation of the company.
• Asset fraudulent bankruptcy: Involves the destruction or concealment of company assets to prevent them from being used to satisfy creditors.

"Fraudulent bankruptcy is a crime that undermines trust in the economic system, penalizing not only creditors but the entire community."

Legal Consequences of Fraudulent Bankruptcy

The penalties for those found guilty of fraudulent bankruptcy can be severe. These include:

• Imprisonment for up to ten years.
• Disqualification from public office.
• Inability to engage in entrepreneurial activities.

It is essential to consult an experienced lawyer to navigate the legal complexities associated with these charges and to adequately defend yourself.

Why Turn to the Bianucci Law Firm

If you are facing a charge of fraudulent bankruptcy or simply wish to prevent legal issues related to your business, the Bianucci Law Firm is here to help you. With a team of dedicated experts, we are ready to offer you personalized advice and assistance. Do not hesitate to contact us to protect your interests.