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Today’s Legal Enlightenment (Thursday, June 23, 2022) – “APPLICATION FOR BANKRUPTCY BY FIDUCIARY RECIPIENTS AS CREDITORS”

Whereas even though the applicant for bankruptcy is a Fiduciary Recipient as a Creditor, he/she can submit an Application for a Declaration of Bankruptcy to the Commercial Court without having to exercise his/her rights to the Fiduciary Guarantee, so that the Decision requested for Review to the Supreme Court must be annulled and the Supreme Court will adjudicate again.

Supreme Court Decision No. 04 K/PK/N/2005 dated May 13, 2005

Regards,

Fredrik J. Pinakunary


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