The Legal Protection for the Implementation of Auctions and Execution of Collateral Rights is Related to Law Number 4 Of 1996 About Collateral Rights on Land and Related Assets
Keywords:
Legal protection for debtors, creditors, collateral rights, auction execution and enforcementAbstract
This study employs the Juridical Normative research method. Therefore, the legal research in this study encompasses academic legal research that includes normative and doctrinal aspects to address various legal issues that are raised. The approaches used in this research are the statutory approach, conceptual approach, case approach, and historical approach. The implementation of legal protection for debtors and creditors regarding the Guarantee Rights of Collateral from the execution of Auctions and Executions that disregard legal regulations, namely Law No. 4 of 1996 and Minister of Finance Regulation No. 27/PMK.06/2016 on Auction Implementation Guidelines, still raises several legal issues. The lack of legal certainty and fairness is a major reason for dissatisfaction among a certain group of people, particularly debtors. While the bias towards rules and legal protection for the rights and interests of debtors tends to leave them in a weak position. The strict regulations and legal institutions outside of the UUHT and PMK regarding the Implementation Guidelines for Auctions are more dominant as alternatives for debtors, creditors, or auction winners (third parties) to obtain legal protection facilities.
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