Article 197. Fictional bankruptcy

Factual bankruptcy, i.e. knowingly false public declaration by the head or founder (participant) of the legal person ' s insolvency, as well as by the national, in t. the number of individual employers, the number of their insolvency, if the act caused serious damage, is punishable by a fine of between 100,000 and 300,000 rubles or the amount of debt. for a period of one to two years, or forced labour for a period of up to five years, or imprisonment for up to six years with a fine of up to eight years For the period up to or without six months, 10 thousand roubles or the amount of the convicted person ' s salary or other income.