Fraudulent insolvency, A314 Revised Penal Code
Fraudulent insolvency – refers to the offense of absconding with property to the prejudice of creditors. 1. Concept Fraudulent insolvency – refers to the offense of absconding with property to the prejudice of creditors. a. Legal basis Article 314. Fraudulent insolvency. – Any person who shall abscond with his property to the prejudice of his…