Organic Act 10/1995, dated 23rd November, on the Criminal Code | Article 257
Concealment of Assets Lawyers in Spain
On frustration of foreclosure
Spanish Criminal Code | We specialize in Concealment of Assets
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We are well-regarded as one of the best criminal law firms in Spain, and we specialize in concealment of assets. Our experienced team of criminal lawyers can represent you in any Spanish court for your concealment of assets case. We can provide criminal law advice, assist you with a criminal appeal or provide representation and specialist advice for a criminal trial.
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...A prison sentence of one to four years and a fine of twelve to twenty-four months shall be imposed on whoever hides his assets to the detriment of his creditors... We are Concealment of Assets Lawyers in Spain
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Spanish Criminal Law on Concealment of Assets
Organic Act 10/1995, dated 23rd November, on the Criminal Code | The Best Concealment of Assets Lawyers in Spain
We specialize in frustration of foreclosure | Concealment of Assets Lawyers in Spain
1. A prison sentence of one to four years and a fine of twelve to twenty-four months shall be imposed on:
1. Whoever hides his assets to the detriment of his creditors;
2. Whoever, to the same end, carries out any deed of disposal of assets or generation of obligations that draws out, hinders or prevents the effectiveness of a seizure or foreclosure or collection proceedings, either in or out of court, or administrative ones, commenced, or that may predictably be commenced.
2. The same penalty shall be imposed on whoever carries out acts of disposal, contracts obligations that diminish his assets or via any means hides assets over which foreclosure may be effected, with the aim of avoiding payment of civil liabilities arising from a crime which he may have committed or for which he should be held accountable.
3. The terms set forth in this Article shall be applicable whatever the nature or origin of the obligation or debt, the settlement or payment whereof he intends to avoid, including the financial rights of the workers, and regardless of whether the creditor is a natural person or any legal person, public or private.
Notwithstanding the foregoing, in the event that the debt or obligation in question falls under public law and the creditor is a public legal entity, or it concerns financial obligations arising from the commission of a crime against the Inland Revenue or Social Security, the penalty to be imposed shall be a prison sentence of one and six years and a fine of twelve to twenty-four months.
4. The penalties foreseen in this Article shall be imposed in the upper half in the cases foreseen in Sub-Sections 5 or 6 of Section 1 of Article 250.