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All Journal JURNAL ILMU SOSIAL Jurnal Bina Mulia Hukum JURNAL MERCATORIA KRTHA BHAYANGKARA Jurnal Hukum Sasana Jurnal Kajian Ilmiah Abdi Bhara: Jurnal Pengabdian Kepada Masyarakat
Pratama, Gede Aditya
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Humanities Computer Science & IT Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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INDONESIAN BANKRUPTCY LAW POLICY AFTER POLITICAL & MONETARY TURMOIL IN 1998 Pratama, Gede Aditya; Putri, Elfirda Ade; Imawan, Arga Pribadi
JURNAL ILMU SOSIAL Vol 23, No 2 (2024)
Publisher : Faculty of Social and Political Sciences, Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jis.23.2.2024.64-74

Abstract

The monetary turmoil that occurred in 1998 plunged Indonesia into an economic crisis that had an unfavorable impact on the national economy, which at the time was dependent on foreign investment. In the end, to help improve the economy in Indonesia, the Government at that time took action to ask for assistance from the International Monetary Fund (IMF). The injection of funds from the International Monetary Fund (IMF) provided conditions for the Government of Indonesia to establish new bankruptcy regulations from the commonly used Dutch Bankruptcy Law of 1905 (Faillissements-Verordening, Staatsblad 217/1905 and Staatsblad 348/1906) so that the Government issued Government Regulation in Lieu of Law Number 1 of 1998 concerning Amendments to the Bankruptcy Law. In PERPPU 1/1998, it provides easy bankruptcy application requirements where the conditions only require 2 creditors and one of the creditors has a debt that has matured. Until Law No. 37/2004 on Bankruptcy and PKPU was enacted, the requirements for bankruptcy applications remained unchanged, so this paper aims to analyze the requirements for filing bankruptcy applications, which tend to be pro-creditor, so that it is straightforward to put debtors in a state of bankruptcy or PKPU, where the existence of the Bankruptcy and PKPU Law should provide help for debtors to find a solution to the debt pressure that has hit the debtor.
Co-Authors Beby Suryani Fithri Candra , Juli Denatara, eskar Tri Elfirda Ade Putri Fajarwati, Rona Apriana HERU SISWANTO I Gusti Ayu Ketut Artatik I Nyoman Tri Darma Gunawan Ida Bagus Alit Yoga Maheswara Imawan, Arga Pribadi Kustanto , Prio Made Gede Arthadana Ni Komang Darmiati Ni Luh Sukma Imagy Prasetyo, Ery Teguh Sinta, Dewi Suryana, Adi Yoga Tin, Gustinus Putera Wijaya, Rezal Zainab, Nina