Legal Dictionary

Bankruptcy compliance

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Compliance bankruptcy Adherence to requirements law, governance, transparency, or related internal controls bankruptcy. Category: Law Business & Corporation Example: Compliance bankruptcy: Compliance helps to reduce liability risks...

Legal Materials • 01 Mar 2026

Is a Child Obligated to Repay Their Parents' Debts? Here's the Legal Explanation

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See the complete explanation of whether a child is law obligated to pay the debts of parents who are still alive or deceased according to the Civil Code and Law Islam.

Legal Dictionary

Separate creditor

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Creditor separatist Creditor a holder of collateral security who has the right to execute the security as if it had not occurred bankruptcy, with certain limits. Example: In financing, creditors separatist becomes an important document/concept for managing...

Opinion • October 03, 2024

Actions and Responsibilities of Liquidators Towards 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 basis law, the role of the liquidator, and the stages of liquidation in accordance with the provisions of Law Number 40 of 2007 t...

Opinion • 01 Apr 2024

Transition of Encumbrance Rights Registration from Conventional to Electronic in Review and Critique

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Encumbrance Right is one means of guaranteeing certainty law in the form of collateral. This article aims to discuss the transition of Encumbrance Rights registration and its sociological implications...

Opinion • 02 Feb 2024

Can Accounts Receivable Be Reported as a Criminal Act?

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This article explains the possibility of reporting accounts receivable as a criminal act with several conditions. Check out the explanation!

Legal Materials • 25 Mar 2024

In Rem Lawsuit: Definition, Legal Basis, and Case Examples

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In the world of law, lawsuits are not only filed against a person or entity law. But also against an object or property which is generally referred to as an in rem lawsuit. This article discusses...

Opinion • 08 Jan 2026

Analysis of Corporations in the Trap of New Criminal Law

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The enactment of the new Criminal Code and Criminal Procedure Code on January 2, 2026, presents a major paradigm shift in the Indonesian business world, where corporations are now full criminal subjects with direct responsibility for criminal acts.

Opinion • 08 Feb 2023

Civil Law Is: A Definition of Civil Law and the Scope of Civil Law

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Law Civil law is law that regulates relations between individuals in society. The word law civil in the broad sense includes all law material private law and can be said to be l...

Legal Dictionary

Concurrent creditor

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Creditor concurrent Creditor without special collateral whose payments are made proportionally from the bankrupt estate. Example: In financing, creditors concurrent becomes an important document/concept for managing risk. Banking & Finance Ref...