DEBTS, DEFAULT, AND LEGAL NOTICE
ACCORDING TO THE APPLICABLE LAW IN INDONESIA
Oleh: Rima Gravianty Baskoro, S.H., ACIArb.
Managing Partner di Rima Baskoro & Partners Law Office
Be in debt has become common action in society, especially among business people. There are various reasons for debtors’ courage to borrow money from creditors, even though interest and penalties are quite high. But the thing to be noted is more than just a matter of the nominal amount of debt that must be returned by the debtor to the creditor, what is important is also about the obligations that must be carried out and fulfilled by the debtor to the creditor as agreed in the credit agreement.
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