Criminal Law › The Revised Penal Code – Book One › Criminal Liability › Participation in Acts Giving Rise to Criminal Liability › Conspiracy and Proposal
ii. As a Criminal Act
Fraudulent Insolvency under RPC and Insolvency under Insolvency Law, Distinguished
| FRAUDULENT INSOLVENCY | INSOLVENCY LAW |
| Institution of insolvency proceedings is not necessary. It is not required that the defendant should have been adjudged bankrupt or insolvent. | The criminal act should have been committed after the institution of insolvency proceedings. |