Enforcement And Bankruptcy Crime 16

Enforcement And Bankruptcy Crime 16

Enforcement and Bankruptcy Offenses – Offense of Reducing Assets with the Intent to Cause Loss to Creditors by a Person Authorized to Manage a Commercial Company

Another type of enforcement crime is the crime of reducing assets with the intent to cause harm to creditors. This crime occurs when persons authorized to manage commercial companies fail to pay their debts with the intent to cause harm to creditors, thereby causing harm to creditors. However, if this act constitutes another crime, the suspect shall be punished according to that crime.

For the crime of reducing assets with the intent to cause harm to creditors to be established, the perpetrator’s act must not give rise to another crime. Again, for the crime of reducing assets with the intent to cause harm to creditors to be established, the creditor must suffer harm and the victim must file a complaint.

Enforcement crimes are prosecuted upon complaint, and the complaint must be filed within three months of the date the crime was discovered and, in any case, within one year.

The court responsible for the crime of reducing assets with the intent to cause harm to creditors is the Enforcement Criminal Court, and the court with jurisdiction for these enforcement crimes is the court where the crime was committed.