Existence of Position Institution in Effort Debt Repayment

Abstract

The agreement is the most important source that gave birth to the engagement. The relationship between an agreement and an agreement is that the agreement issues an agreement, so that the agreement is a source of engagement, other than the engagement born from the "law". If two people enter into an agreement, then they intend that between them a legal agreement be applied. Truly they are bound to one another because of the promise they have given. The rope is then broken or ends if the promise has been fulfilled. Bankruptcy law is held to provide protection to (the) creditors if the debtor does not pay his debts. With the Bankruptcy Law, it is expected (the) creditors can obtain access to assets from debtors who are declared bankrupt, because the debtor is unable to repay his debts anymore. The Bankruptcy Institution through the Commercial Court will only decide the existence of mass execution by conducting general confiscation of all the debtor's assets for the benefit of all the creditors concerned, which is carried out under the supervision of the Government through a Judicial Decision.