Today’s Legal Enlightenment (Monday, 18 July, 2022)

by | Jul 19, 2022 | Legal Enlightenment | 0 comments

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Today’s Legal Enlightenment (Monday, 18 July, 2022) – “THE TRANSFER OF THE DEBTOR’S DEBT IS NOT REQUIRED TO BE NOTIFIED BY THE CREDITOR TO THE DEBTOR”

There is no regulation that requires the parties involved in the “Sell and Purchase of Receivables” to notify the Debtor that the debt has been transferred by the (old) Creditor to a third party as a new creditor. According to Article 1533 of the Civil Code the sale of receivables debt also includes guarantees, privileges, and mortgages.

Supreme Court Decision No. 48 K/Pdt/2000 dated October 18, 2002

Source: Varia Peradilan No. 216, September 2003

Regards,

Fredrik J. Pinakunary


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