What happens if the Court declares a company's bankruptcy and its assets can't cover at least 20% of its debts?
The Court may order members of the board of directors or managers, or any of them, to pay the remaining or part of the company's debts within the limit of their responsibility, provided it is proven in court that they committed the acts specified in sub-clauses (a), (b), and (c) of Article 147 of this Decree by Law. However, this is subject to the provisions of clauses (2 and 3) of that article.