Execution and Bankruptcy Crimes – Failure to Hand Over the Bankrupt’s Assets to the Bankruptcy Administration and Failure to Report the Bankrupt’s Creditors
The crime of failing to hand over the bankrupt’s assets to the bankruptcy administration and failing to report the bankrupt’s creditors can be committed by third parties who hold the bankrupt’s assets or are indebted to the bankrupt. If these individuals fail to hand over their assets to the bankruptcy administration or report their debts within one month of learning of the bankruptcy announcement, execution crimes occur.
Execution crimes are prosecuted upon complaint, and the complaint must be filed within three months of learning of the crime, and in any case within one year.
The competent court for the crimes of failing to hand over the bankrupt’s assets to the bankruptcy administration and failing to report the bankrupt’s creditors is the Execution Criminal Court. However, in case of an appeal against the criminal decree, the High Criminal Court will be the competent court. The competent courts for execution crimes are the Execution Criminal Court of the place where the execution is taking place or the Execution Criminal Court of the place where the debtor’s business is located.