Article 279 of Bankruptcy Law

Any debtor whose bankruptcy has been declared by a final judgment and who is proven to have committed any of the following acts shall be deemed a bankrupt through negligence and shall be punished by imprisonment for a term not exceeding two years and a fine not exceeding twenty thousand dinars, or by either of these two penalties: 1. Spending exorbitant amounts on his personal expenses or household expenses, if any of that was among the causes of his cessation of payment. 2. Failing to keep commercial books sufficient to ascertain his true financial position or failing to conduct the inventory required by law. 3. Refusing to provide the information requested of him by the bankruptcy judge, the trustee, the Bankruptcy Court or the Court of Appeal. 4. Paying any indebtedness contrary to the terms of the ratified preventive settlement proposal or restructuring plan, or disposing of any assets contrary to what is set out in the proposal or plan. h. Paying, after his cessation of payment, a debt to one of the creditors to the detriment of the others, or granting security or special advantages to one of the creditors in preference to the others, even if this was with the intention of obtaining the required majority’s approval of a preventive settlement proposal, restructuring plan or composition. 6. Disposing of his goods or any of his assets or rights at significantly less than their market price or value with the intention of delaying his cessation of payment or declaration of bankruptcy, or delaying the rescission of a composition, preventive settlement proposal or restructuring plan, or resorting, for this purpose, to unlawful means of obtaining money. 7. Spending substantial amounts on fictitious speculation beyond what his commercial business requires.