THE EFFECT OF THE EXECUTION OF THE SALE OF THE RIGHT OBJECT ON THE POSITION OF BANK CREDITORS.

The results of this study show that the right of liability is the object of guarantee that s most in demand by creditors (banks) as debt collateral. The value of the rights contained in the certificate rights of dependents has an important influence in determining the position of creditors as creditors who have preferential rights or are only limited to as a concurrent creditors. If the value of the dependent rights has greater value than the debtor’s debt, then the creditor's position as the holder of the liability right is the preferred creditor, which takes precedence over repayment of it over other creditors. However, the determination of the creditor’s position as a preferred creditor or not can also be viewed from the proceeds of the sale of the object of liability from the results of auction execution. If the selling price of the object of liability is reader than e debtor's debt, the creditor has the right to take precedence over full repayment by taking the proceeds Net sales are only limited to debtors. Meanwhile, if the proceeds from the sale of the object of liability are smaller than the debtor’s debt, then the remaining debt of the debtor positions the creditor as a concurrent creditor meaning that the repayment of the remaining debtor is divided equally with other creditors [ABSTRACT FROM AUTHOR]