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Nyulistiowati Suryanti
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Journal : JURNAL ILMIAH ADVOKASI

 1 
DISCREPANCIES IN THE APPLICATION OF BANKRUPTCY LAW IN AUCTION PRACTICES BY SECURED CREDITORS: LESSONS FROM DECISION No. 15/2023/PN.Niaga.Smg Maharani, Anindita; Suryanti, Nyulistiowati; Sudaryat, Sudaryat
Jurnal Ilmiah Advokasi Vol 13, No 3 (2025): Jurnal Ilmiah Advokasi
Publisher : Universitas Labuhanbatu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36987/jiad.v13i3.7540

Abstract

The execution of collateral by secured creditors is a special right regulated under Article 59 paragraph (1) UU 37/2004, which stipulates that execution may only be carried out no later than two months after the insolvency period begins. However, violations of this provision frequently occur, creating legal uncertainty for bankrupt debtors. This study aims to analyze the judicial considerations in Commercial Court Decision No. 15/Pdt.Sus-Gugatan Lain-lain/2023/PN.Niaga.Smg concerning the determination of the insolvency period and the execution of collateral by secured creditors. Using a normative juridical approach, this research emphasizes secondary data obtained through literature study, analyzed qualitatively. The results show that executions conducted after the insolvency period violate Article 59 paragraph (1) and may constitute an unlawful act. Bankrupt debtors have the right to pursue further legal remedies such as cassation and judicial review. Strengthening regulations and technical guidelines is needed to enhance legal certainty and protection in bankruptcy practice.Keywords: Bankruptcy, Collateral Execution, Insolvency Period
Co-Authors Aam Suryamah Aam Suryamah Adam Barnini Adlila, Iqlima Agustinus Pandiangan, Lumiere Rejeki Alfi Taufiq Asyidqi Ali Putra Pratama, Jechyko Alya Hasna Yogasara Amrul Akbar Andriani Latania Triramdhani Anggun Ratna Alifa Anindita Maharani Anita Afriana Anita Afriana Anwar Hafidz Amrullah Artaji Artaji Arvianda, Adzradhia Nabila Arya Jayadiningrat Arzetta Zahra Metthania Assalihee, Muhammadafefee Assyura Zumarnis Bagus Sujatmiko Betty Rubiati Bianca Latanya Boris William Octaviano Delvis Patrik Deviana Yuanitasari Deviana Yuanitasari Dewi, Reza Liasta Dhaifina Fadhilah Alyani Diana Ayu Mardiani Dianda Dyassaputri Elisatris Gultom Ema Rahmawati Eman Suparman Fachrurozi, Aal Fiona Chrisanta Firdaus, Nur Sa’adah Firdaus, Riki Muhammad Ghazali Anwar, Imam Gintings, Irto Petrus Hani Suriyani Harnis, Widya Hasyimawan Mubarak, Hanif Hazar Kusmayanti Hazar Kusmayanti, Hazar Indriasri, Alivia Isis Ikhwansyah Joshua Suwandi Kilkoda Agus Saleh Lestari Sutanto, Pusphita Rahayu Louis Alfred Hasudungan Maharani, Anindita Marla Satika Qurratu’aini Mhd. Azmi Farid Lubis Mira Widyawati Mochamad Arya Gunawan Mohammad Robi Rismansyah Mubarak, Hanif Hasyimawan Muhamad Amirulloh, Muhamad Muhammad Ath-Thariq Pratama Muhammad Eko Prasetiyo Nadia Astriani Nadya Hanifah Nathania Raissa Putri Rungamali Nia Kurniati Nianda Dinilah Arifah Nicholas Firman Rafael Napitupulu Nur Gita Oktaviani Nur Hasanah Ariyanti Nur Kaffa Ismail, Muhammad Nurhidayah Muhcti Pasaribu, Parlin Sahat Ivandamme Pertiwi, Hana Febrianti Pupung Faisal Putra, Nouval Rivaldi Raden Ajeng Astari Sekarwati Raden Muhammad Fadly Latief Ashshiddiq Prawirawinata Rai Mantili Ramadhan, Muhamad Rafli Retno Damayanti Ridha Hitalalla Hayuningtyas Ridha Hitalalla Hayuningtyas Soetomo Salma Syakira, Kineisha Salsabila Muharani Sela Sulaksmi Widyatamaka Sonny Dewi Judiasih Sonny Dewi Judiasih Sudaryat Sudaryat Sudaryat Sudaryat Sudaryat Sudaryat Sudaryat Sudaryat, Sudaryat Sujatmiko, Bagus Supraba Sekarwati Taqiya, Zidna Vinie Rachmadiena Devianti Widyaningtyas, Kezia Regina Widyawati, Mira Windiantina, Wiwin Wintarsih Windy Riani Putri