Legal Dictionary

Bankruptcy Estate

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…ta general and managed for the benefit of creditors. Category: Business & Corporate Law, Bankruptcy & PKPU Example: Example: The term "Bankruptcy Estate" is used in the context of bankruptcy & pkpu. | Bankruptcy estate: This term is used to assess…

Legal Dictionary

Supervisory Judge

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…k to supervise the management and settlement of bankrupt assets by the curator/administrator. Category: Bankruptcy & PKPU Example: Example: The term "Supervisory Judge" is used in the context of bankruptcy & pkpu. Source: Law Bankruptcy and PKPU Reference: Bankruptcy Law…

Legal Dictionary

Concurrent Creditor

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…u security rights, thus sharing proportionally with other creditors. Category: Bankruptcy & PKPU Example: Example: The term "Concurrent Creditor" is used in the context of bankruptcy & pkpu. Source: Law Bankruptcy and PKPU Reference: Bankruptcy Law…

Legal Dictionary

Preferred Creditor

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…according to law, is entitled to priority of payment due to the nature of the receivable. Category: Bankruptcy & PKPU Example: Example: The term "Preferred Creditor" is used in the context of bankruptcy & pkpu. Source: Law Bankruptcy and PKPU Reference: Bankruptcy Law…

Legal Dictionary

Separate Creditor

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…ng security rights who have the right to execute the security object themselves. Category: Bankruptcy & PKPU Example: Example: The term "Separate Creditor" is used in the context of bankruptcy & pkpu. Source: Law Bankruptcy and PKPU Reference: Bankruptcy Law…

Legal Dictionary

PKPU

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…ran Debt: a mechanism to achieve peace between the debtor and creditor before/during bankruptcy. Category: Business & Corporate Law, Bankruptcy & PKPU Example: Example of use: the term "PKPU" is often used in a legal context. | Pk…

Legal Dictionary

Bankruptcy compliance

literasihukum.com/kamus-hukum/1688/kepatuhan-kepailitan

Compliance bankruptcy Adherence to legal requirements, governance, disclosure, or related internal controls bankruptcy. Category: Business & Corporate Law Example: Compliance bankruptcy: Compliance helps reduce liability risks…

Legal Dictionary

Bankruptcy dispute

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Dispute bankruptcy Disputes arising from the management, transactions, ownership, or financing related to bankruptcy. Category: Business & Corporate Law Example: Dispute bankruptcy: Corporate disputes can involve shareholders, o…

Legal Dictionary

Administrator

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Administrator The administrator is the party who manages the debtor's assets during PKPU. Category: Bankruptcy & PKPU Example: This case involves aspects of administrators in practice. Source: Law Bankruptcy Reference: Law Bankruptcy and PKPU

Opinion • 03 Oct 2024

Actions and Responsibilities of Liquidators Regarding Liquidation in Limited Liability Companies

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This article discusses the procedures for dissolving a limited liability company (PT) in Indonesia, including the legal basis, the role of the liquidator, and the stages of liquidation in accordance with the provisions of Law Number 40 of 2007 t...