BANKRUPTCY

BANKRUPTCY / bankrupt: all things related to the incident state stopped paying debts that have matured debetur.
Basic Law: Law No.1/1998, No. 217, No. 348/1906

The terms for the debtor to be declared bankrupt:
1. the debtor is not paying debts
2. existence of more than one debt
3. existence of more than one creditor
4. at least one matured debt
5. at least one debt is collectible

The parties involved in the bankruptcy process is entitled to file bankruptcy:
1. debtor's own
2. one or more creditors
3. attorney representing the public interest
4. Bank Indonesia
5. Capital Market Supervisory Agency

Due to the Law of Political decisions: the debtor loses hak'y to do something to control "their wealth manager.

So the management is represented by the Curator:
1. Orphan legacy / BHP
2. individuals who have specific expertise

Property that does not include property Bankrupt:
1. Everyday clothing & bedding
2. office equipment
3. work equipment
4. food supplies less than 1 month
5. books
6. copyright
7. amount of money that the judge assigned to the script supervisor
8. amount of money giving their children
9. salaries, wages, fees