Bankruptcy Institute
Is basically an institution that provides a solution to the parties if
debtor in the state stopped paying / not able to pay.
Institutions bankruptcy basically has two functions, namely:
bankruptcy as a guarantor to the creditor agency that the debtor will not do
cheating, and remain responsible for all its debts to all creditors.
bankruptcy as an institution that also offers protection to the debtor against the possibility
mass execution by creditors-creditors. So the existence of bankruptcy provisions on good
as an institution or as a specific remedy is a series of concept
which obey the principle in accordance with the provisions stipulated in articles 1131 and 1132 Civil Code.
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