Bankruptcy Law

Without prejudice to the provisions of relevant laws, any creditor or any person claiming the capacity of a creditor shall be deemed in violation of the provisions of this Law if he commits one or more of the following acts prior to the initiation of any bankruptcy procedure which result in the initiation of the procedure, or commits such acts during the procedure, which are detrimental to third party rights including creditors: a) Fraudulently submitting a claim against the debtor, including overstatement of its value. b) Agreeing with the debtor on arrangements he knows to be detrimental to other creditors or giving him preference over them. c) Abusing any of the bankruptcy procedures.