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Journal : Asian Journal of Social and Humanities

Power of Power To Sell as Collateral Confiscation In Debt Repayment Based on The Debt Recognition Deed Tasia Zein, Tia; Jauhari, Iman; Rahmah, Siti
Asian Journal of Social and Humanities Vol. 2 No. 5 (2024): Asian Journal of Social and Humanities
Publisher : Pelopor Publikasi Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59888/ajosh.v2i5.247

Abstract

The purpose of this study is to determine the power of power to sell as collateral confiscation in debt repayment based on the debt recognition deedDeed of Debt Recognition is a deed made by a notary in the form of a Grosse Deed containing the irah-irah "For Justice Based on the One and Only God" which means it has the same executory power as the Court Decision. However, in practice the Deed of Debt Recognition is made followed by the preparation of the Deed of Power of Attorney to Sell as a new deed, even though one form of legal protection outside of the guarantee institution is the making of the Grosse Deed of Debt Recognition. Thus, it is interesting to study further why the use of the power to sell is used as a guarantee for debt repayment under the Deed of Debt Recognition is more desirable and how the form of legal protection for debtors defaults and settlement of disputes arising from the Deed of Power to Sell. This research uses normative legal research types and qualitative methods. The result of the study is that the parties prefer to use the Power of Attorney to Sell because it does not go through a long procedure, does not take time and does not incur more costs. The legal protection obtained by the defaulting debtor is to obtain the remaining proceeds from the sale of collateral and the selling price of the collateral which must not be below the value of the collateral that should be, and the creditor must not have a collateral object if the debtor defaults.
Co-Authors ., Tanenji Abdul Ganing Abdul Rozak Agus Erwin Ashari Agus Prihatmo Wisnuwijoyo Aguswandi, Putra Ahmad, Sabarudin AIDY, ZUL Aisyah, St. Akhmad Akhmad Amalia, Ajizah Asmaul Husna Awaliyyah, Annisa Tri Bagus Prasetyo Barmawi Barmawi, Barmawi Br. Gurusinga,, Dinda Natalisa Budi Rahmat Hakim Cahyati, Riska Citra Indriani Denny Nurdin Desi Fitriana, Desi Desniarti, Desniarti Dewi Maritalia Efendi. A, Edi Eka Safitri, Nurma eko efendi Elmanora Elmanora Ernida, Yulia Esa Putri, Vivania Fajar Akbar Fajri, Nurliya Faradilla, Putri Faralita, Ergina Fathony, M. Hafiz Fazzan Fazzan, Fazzan Festiyed Firdausi Firdausi, Firdausi Fitri, Indah Gita Kencanawaty, Gita Gunawan, Muhammad Arief Haidah, Nur Hanum, Zulfa Harahap, Ardhansyah Putra Hayati, Cut Syifaul Hayati, Rahma Isna Henni Wijayanti Maharani Ilham Akbar Iman Jauhari Indriyani, Sari Iyulen Pebry Zuanny Jasmidi Jasmidi Jatmiko, M.Anang Jemmy Rumengan JUHRIAH, EEN Karjuniwati, Karjuniwati Khairunissa, Dira Khuzaimah Alfi Syahrina Kitari, De-erista Delila Kuntarti, Sri Latifa, Rena Liananiar, Liananiar M. Iqbal Magfirah Mahmuda, Mutiarani Maksura, Hurum Manalu, Santa Maria Mappau, Zrimurti Marlina Marlina Masnaeni Ahmad Maulina, Rissah Megawati, Cut Meutia Rahmah Miftah Chairani Hairuddin Mirza Irwansyah Muhammad Muhammad Muhammad Nur Nasution, Hafni Indriati Nasution, Pitriani Nazlia, Merisa Noer Fadhly Norfajrina, Norfajrina Nuraeni, Neng Sri Nuraina, Nuraina Nurdin, Ambia Nurhafni Siregar Nurhidayati Panjaitan, Angel Shylvia Panjaitan, Teguh Hidayat Paradise, Firyal Nada Pasha, Alif Kamal Pulungan, Ahmad Shafwan Putri, Novita Gaysuwa Putri, Sinta Pratiwi Rachman, Noor Muhammad Ramadhan, Farhan Rapika, Nor Raudhati, Sri Ridhayani Adiningsih Rini Selly, Rini Rosmiaty Rosmiaty Rostanti Toba Rumengan, Angelina Eleonora Saputra, Suryadi Jaya Sari, Lidia Mutia Sari, Maya Novita Saufi, Muhammad Simorangkir, Rennika Irfenti Seprina Sinaga, Masniawita Gloria Siti Khairun Nisa Syahirah, Atikah Nur Tambunan, Herrywati Tamimi, Afifah Tanjung, Amar Lohot Tasia Zein, Tia Teuku Ahmad Yani Tjomiadi, Cynthia Eka Fayuning Triwarti, Ajeng Ulin Nuha, Ulin Uswatun Hasanah Wardiyanti, Shofa Widya Noviana Noor Wineiniati, Noni Yuswita, Yuswita Zainuddin Muchtar Zubir, Moondra