Article 815 — Personal Bankruptcy

1/ The Court may, in the course of bankruptcy proceedings, order that one or more de facto or de jure managers of an entity declared bankrupt personally and bear all or part of the debts of the entity, where he has committed the following acts: a) selling property belonging to the entity as his own; b) carrying out the transactions of the entity to further his personal interests by using the entity as a cover; c) using the property or credit of the entity for personal purposes or in favor of another entity in which he has direct or indirect interest; d) engaging in a manifestly unprofitable venture for his personal gain using the entity as a cover; e) embezzling or concealing all or part of the assets of the entity or fraudulently increasing its debts. 2/ Sums recovered under a suit above shall be used to pay off creditors of the bankrupt entity in accordance with the orders priority laid down under Article 786 of this Code.