Article 277 of Bankruptcy Law

Any debtor against whom a final judgment declaring his bankruptcy has been issued, and who is proven to have committed any of the following acts after ceasing payment, shall be deemed fraudulently bankrupt and shall be punished by imprisonment for a term not exceeding five years and a fine not exceeding one hundred thousand dinars, or either of these two penalties: 1. Concealing all or some of his books, destroying them, or altering them with the intent to harm his creditors. 2. Disposing of his property after ceasing payment or after his financial position has become deficient, where this is done with the intent to remove such property from the reach of creditors. Embezzling or concealing part of his property with the intent to harm his creditors. 4. Acknowledging debts not owed by him or knowingly reducing his assets, whether the acknowledgment is made in writing, orally, in the balance sheet, or by refraining from submitting papers or explanations. h. Obtaining approval of the terms of a composition by fraud.