Article 14.12. Factual or intentional bankruptcy

1. Factual bankruptcy, i.e. knowingly false public declaration by the head or founder (participant) of the legal person ' s insolvency or individual If the act does not constitute a criminal offence, the employer or the citizen shall impose an administrative fine on the citizens of one thousand dw. 2. Intentional bankruptcy, i.e. commission by the manager or the founder (participant) of a legal person or an individual entrepreneur or citizen of an act (inaction) that is known to involve the incapacity of a legal person or an individual the employer or the national fully satisfy the creditors ' claims for monetary obligations and (or) perform the obligation to pay mandatory payments if these acts (inaction) ) does not contain a criminal offence — carries an administrative fine of between 1,000 and 3,000 rubles for citizens; and between 5,000 and 10,000 rubles for officials :: lei or disqualification for a period of one to three years.