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To seal the budel in bankruptcyin INDONESIA

Author:

Ni Wayan Umi Martina and I Made Arjaya

Subject Area:

Social Sciences and Humanities

Abstract:

The purpose of this research is to get answers to two legal issues, namely first, why is it carried out sealing of bankrupt assets, second, what are the benefits of sealing bankrupt assets for Curators and for Creditors. Legal material collection techniques with structured interviews with parties related to existing legal issues. From the results of the research and discussion it was concluded that the bankrupt assets were sealed because the Debtor was not cooperative and if the bankrupt assets were not sealed, the curator would not be able to exercise the authority given to him to sell bankrupt assets and the debtor could harm the creditors because they still controlled and benefited from the bankrupt assets without carrying out its obligations to pay its debts to its creditors.

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