Abstract:Bankruptcy is one of the instruments in overcoming a situation where the payment of an obligation does not run smoothly. Creditors or even debtors themselves can submit bankruptcy applications to the competent Commercial Court to examine whether they meet the requirements for determining bankruptcy status. If it meets the requirements and no objections are raised by the parties, the curator will proceed with the process of managing and clearing the bankruptcy estate. The curators are divided into state curator… Show more
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