Cap. 9 чл. 194Circumstances which may give rise to simple bankruptcy.

A bankrupt trader can be declared guilty of simple bankruptcy and be liable to the punishment laid down in article

192, in each of the cases following:

(a) if he has not kept the books prescribed by law, or has irregularly kept such books, or if such books do not show his true financial position, (debit and credit);

(b) if, being lawfully summoned for examination before the competent authority and not being lawfully prevented, he fails to attend within the period fixed for his appearance.