INKRAH Law · Kepailitan & PKPU · Undang-Undang No. 37 Tahun 2004

Article 1 — Definition of Bankruptcy

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Bahasa Indonesia

Kepailitan adalah sitaan umum atas semua kekayaan Debitor Pailit yang pengurusan dan pemberesannya dilakukan oleh Kurator di bawah pengawasan Hakim Pengawas sebagaimana diatur dalam Undang-Undang ini.

English (British)

Bankruptcy is a general attachment of all the assets of a bankrupt debtor, whose administration and settlement are carried out by a Receiver under the supervision of a Supervisory Judge as regulated in this Law.