rights under Article 37, paragraph (1), sub-paragraphs 6 and 7. Article 227d (New, SG No. 107/1996) The penalties under Article 227c shall also be inflicted on persons managing and representing a company or a co-operative if they commit or allow the commission of the acts specified under the same Article, whereas in the cases of paragraph (1) the court may additionally rule the imposition of a fine in the amount of up to BGN five hundred (500), and under paragraph (2) - partial or entire forfeiture of the culprit's property. Article 227e (New, SG No. 107/1996) (1) A trader who: 1. has not conducted his business with the care of a good trader or has partaken in apparently risky transactions that are not within the circle of his usual business; 2. has incurred personal, family or other expenses apparently untypical of and not related to the scope of business and incongruous with his property status; 3. has failed to set up or has set up an incorrect annual accounting statement and a balance sheet though under the obligation to do so, and in consequence whereof has been forced into insolvency and this has caused damages to his creditors, shall be punished for imprudent bankruptcy by imprisonment for up to two (2) years, whereas the court may additionally rule deprivation of rights under Article 37, paragraph (1), sub-paragraphs 6 and 7. (2) The penalties under paragraph (1) shall also be inflicted on a trader declared insolvent without having fulfilled his obligations under a preceding recovery plan. (3) The penalties under paragraph (1) shall also be imposed on the persons managing and representing a company or a co-operative if they commit or allow the commission of the acts specified under the same paragraph. (4) The persons specified under paragraphs (1) through (3) shall not be penalised if they satisfy their creditors prior to the imposition of the sentence by the court of the first instance. This provision shall not be applied repeatedly. Article 227f (New, SG No. 107/1996) (1) A trader who has outstanding obligations to another trader in respect of whom insolvency proceedings have been instituted, and with awareness of this fails to fulfil such obligations within the agreed or the usual term, shall be punished by imprisonment for up to one (1) year or by a fine in the amount of up to BGN two hundred (200). (2) A trader who with the approval or knowledge, or in the interest of one of his own creditors conceals entirely or in part an obligation to such a creditor and thereby causes a damage to a creditor of his shall be punished by imprisonment for up to two (2) years and a fine in the amount of up to BGN three hundred (300). (3) Anyone, who is aware that insolvency proceedings have been instituted in respect of a trader and deliberately conceals or destroys with his consent his effects that belong or would belong to the mass of insolvency shall be punished by imprisonment for up to two (2) years and a fine of up to BGN three hundred (300).