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Tan, David
Batam International University
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Journal : Legal Spirit

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The Urgency to Renew Bankruptcy Law Requirements and Summary Proof in Indonesia Tan, David; Sudirman, Lu; Fiorentine, Jasisca
Legal Spirit Vol 8, No 1 (2024): Legal Spirit
Publisher : Pascasarjana Ilmu Hukum, Universitas Widya Gama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31328/ls.v8i1.5081

Abstract

The provisions pertaining to bankruptcy and summary proof in Law Number 37 of 2004 present various drawbacks in their application, particularly impacting debtors. Debtors can be declared bankrupt with relative ease, and the requirement for declaring bankruptcy does not directly indicate the debtor’s insolvency. This can present difficulties for other creditors, as the leniency in bankruptcy requirements for debtors is viewed as means to accelerate debt resolution, even though not all face the same circumstances. This research will focus on the issues regarding the urgency of revising Law Number 37 of 2004, specifically with regard to the conditions for bankruptcy and summary proof. The method used in this research is the doctrinal legal research method, which entails scrutinizing literary sources, legal theories or principles, research journals, and legislative regulations to analyze the subject of the research. Furthermore, a comparative approach is adopted to evaluate the development of Indonesian law by examining the bankruptcy legal frameworks in France and the Netherlands. The study concludes that the pressing need for amendments to the conditions for bankruptcy and summary proof in Law Number 37 of 2004 necessitates a responsive legal system. This can be achieved through a comprehensive review of problematic regulations. Therefore, the incorporation of additional measures, such as an insolvency test and a proactive approach by judges, establishes a regulatory mechanism that can be viewed as a responsive outcome in the future.
Co-Authors ., Jane Afriyadi Afriyadi Agus Susanto Agustianto Agustianto, Agustianto Agustin, Indri Ceria Agustini, Shenti Aini Feriska Sumandya Alhakim, Abdurrakhman Angel, Vanessa Billy Marbiyanov Bodhi, Surya Chutia, Upankar Debby Amellya Zahdjuki Delia, Della Della Aprianingrum Dian Sari, Eva Disemadi, Hari Sutra Dwinta Sugandi Edison Edison Elza Syarief, Elza Febriyani, Emiliya Ferdinand Jason Fiorentine, Jasisca Fitri, Winda Gia Phuc, Dao Girsang, Junimart Hieu, Le Ho Trung Hutauruk, Rufinus Hotmaulana Illya Firna Febriyanti Irvanaries Irvanaries Jason, Ferdinand Jaya, Febri Jayanto, Wen Joseline, Joseline Kang, Cindy Kelvin Kelvin Lau, Jonathan Lu Sudirman Lu Sudirman Meliana Meliana Metta - Tjia Michelle Alice Stania Muhammad Naufal Fitrah Nadia Salsabilla Mareta Modjo Nanda Jala Sena Neisdy Lee Nellcy Desvia Nur Fatihah Nur Laily Nur Laily Nurlaily Nurviani, Nanny Octa Villa Oryza Sativa MY Pambayun, Cindy Fatika Dewi Prakasa, Satria Unggul Wicaksana Quentin, Pinsolle-Dubourg Rahmadani, Aini Ricky Sandi Permana Roy Mangitua Manurung Rusdiana, Shelvi Sari Wahyuni, Lily Sudhartio, Selviana, Devi Shane Edwin Shendy Devendra Armaya Silviani, Ninne Zahara Silvy Pricilia Fernanda Siti Aisyah Rukmana Situmeang, Ampuan Sovia Sovia Sovina Sovina Surya Bodhi Sylvia Putri Sylvia Putri Tan, Winsherly Tania, Stephanie Taniady, Vicko Tantimin Tantimin Tantimin Tantimin Tantimin, Tantimin Triana Dewi Seroja Viona Puspita Wibowo, Tony Windi Afdal, Windi Wulandari, Aura Yenny Permata Liegestu Yoma Arda Wiratama Zulhairi Zulhairi Zulhairi, Zulhairi