LEGAL PROTECTION OF CREDITORS IN THE EXECUTION OF COLLATERAL OBJECTS OF DEPENDENT RIGHTS CONFISCATED AND SEIZED BY THE STATE RELATED TO CORRUPTION CRIMES

Authors

  • Dea Kusuma Wardani, Pujiyono

Abstract

Guarantee is a form of protection for creditors in extending credit if the debtor defaults. However,
in its implementation, creditors experience difficulties in executing the object of collateral, one of
which is because the object of collateral that is encumbered with security rights has been
confiscated and seized by the state in connection with the criminal act of corruption. This paper
examines the legal status of the object of guarantee of security rights confiscated and seized by the
state and legal protection for creditors. This research is a prescriptive normative legal research and
uses a related statutory approach and a case study of the judges' decisions that have been signed.
The results show that the legal status of the object of collateral confiscated and seized by the state
is under the control of the state, legal protection for the interests of creditors, namely by filing an
objection letter or filing a lawsuit.

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Published

2020-12-03

How to Cite

Dea Kusuma Wardani, Pujiyono. (2020). LEGAL PROTECTION OF CREDITORS IN THE EXECUTION OF COLLATERAL OBJECTS OF DEPENDENT RIGHTS CONFISCATED AND SEIZED BY THE STATE RELATED TO CORRUPTION CRIMES. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(6), 8019 - 8027. Retrieved from http://mail.palarch.nl/index.php/jae/article/view/2208