The bankruptcy of the joint stock company and its impact on the responsibility of the board of directors “a comparative study” Assist.

Abstract

"The board of directors of the joint-stock company may perform fraudulent acts and behaviors that harm the company and its creditors in the company's bankruptcy stage, which leads to a breach of the principle of equal creditors on which the bankruptcy system is based, and the aim of these actions is to harm creditors by misleading them and deceiving them to prevent them from fulfilling their rights with money The company, which leads to the responsibility of the board of directors for the actions that are issued from it and harmful, because it leads to a decrease in the capital of the company, which is the general guarantee for these creditors"