English
1/ A bankrupt trader who is a natural person shall,
notwithstanding there is unpaid debt, be discharged
from all his debts after three years from the judgment
opening bankruptcy proceedings.
2/ The following traders shall not benefit from the
discharge provided under Sub-Article (1):
a) a trader who he is guilty of crime related to
bankruptcy;
b) a trader against whom an evidence is produced for
concealing or removing property;
c) a trader who fails to cooperate, or to carry out in
good faith his obligation in the course of
bankruptcy proceedings; or
d) a trader who has been declared bankrupt within five
consecutive years preceding the judgment opening
bankruptcy proceedings.
3/ The following debts shall not be discharged:
a) debts related to taxes and duties, subject to the
application of other laws allowing waiver of taxes,
duties and penalties;
b) debts arising from dissolution of marriage,
maintenance; and
c) criminal penalties.
