Category: Life Insurance

A lawyer is a person whose profession is to provide legal services, both inside and outside the Court who meets the requirements based on the provisions of the Advocate Law.
The definition of lawyer services is services provided by lawyers in the form of providing legal advice, legal assistance, exercising power, representing, accompanying, defending, taking other legal actions for the benefit of clients. Lawyer services must be carried out in accordance with the Advocate Code of Ethics.

Lawyers’ services are different from other legal services, such as Notary Services and Intellectual Property Rights Consultants in that determining prices already have a standard or measure that can be used for prices in accordance with the Law. Meanwhile, the standard Lawyer Fee that a lawyer gets from his client is not regulated in the Advocate Law. The Advocate Law only regulates the following:

• Fees for attorney services must be based on an agreement with the client;
• The amount of Lawyer Fee is determined on a reasonable basis by taking into account the client’s time, ability and interests;
• The amount of fee for lawyer services (Lawyer Fee) must be adjusted to the ability of the client and is not justified to burden the client with unnecessary costs.
Lawyer Services as a business entity, based on our experience in carrying out Legal Services, especially in the field of Lawyer Services in general Law firm or law firm makes costs into several parts that are set forth in a contract or agreement, … Read More

The news of the bankruptcy of a well-known tea company, Sariwangi, is still fresh in the memory. The announcement issued by the Panel of Judges at the Central Jakarta Commercial Court suddenly shocked many parties.How come? The tea product, which is famous for its creative advertisements, is still circulating and selling well in the market.

Debt as one of the causes for bankruptcy of a business is pointed out as the reason why the company, which was first established in 1962, was declared bankrupt.Bankruptcy or what in English is called bankruptcy is a condition when an individual or an organization (in this case including a company), is legally deemed unable to pay their creditors.
According to the KBBI, bankruptcy is when a person or business suffers a large loss so that their assets are used up.

Types of Bankruptcy

Bankruptcy is also known as a company liquidation or business closure due to a failure within the company. This failure can occur in two forms, namely:

Economic Failure

Economic failure or economic distressed occurs when a company loses its revenue or money so that it is unable to finance its operational activities.This means that the company’s profit rate is less than the cost of capital or the company’s current cash flow value is less than its liabilities.This kind of failure can occur if the company’s cash flow is far below the expected value. Financial failure can also occur when the level of return on investment is less than the capital issued … Read More