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Journal : POLICY, LAW, NOTARY AND REGULATORY ISSUES (POLRI)

THE URGENCY OF LEGAL PROTECTION FOR SOLVENT COMPANIES WITH GOOD INTENTIONS IN BANKRUPTCY LAW IN INDONESIA Suryadinata Putra, Ketut; Marwanto, Marwanto
POLICY, LAW, NOTARY AND REGULATORY ISSUES Vol. 3 No. 2 (2024): APRIL
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/polri.v3i2.1157

Abstract

Bankruptcy is a situation when the debtors are unable to fulfill their obligations to pay debts to creditors. The requirement for a bankruptcy decision is based on Article 2 paragraph (1), namely that the debtors have two or more creditors and have not paid in full at least one debt that has matured and can be collected. This causes no legal protection for debtor companies that are still solvent and have good intentions from creditors who have bad intentions in abusing bankruptcy law. The debtors with good intentions will certainly find it difficult to face a bankruptcy application if the conditions are only 2+1. Debtor companies that do not pay off their debts do not always have bad intentions but face the threat of bankruptcy which should not be aimed at them. The study aims to understand how Indonesian bankruptcy law can better protect financially stable companies with good intentions from being unfairly declared bankrupt. This research used normative legal research using primary and tertiary legal materials collected from literature and document studies and analyzed qualitatively. The results of this research showed that legal protection and justice can be given to solvent debtors who have good intentions if bankruptcy law in Indonesia provides regulations regarding insolvency tests as an instrument to prove factually whether the debtor's financial condition is still healthy (solvent) or unhealthy (insolvent) so that it is appropriate to sentenced to bankruptcy.
Co-Authors Ahmad Soleh Ahmaluddin, Ahmaluddin Akhirani, Shinta Tiresa Alifia Revan Prananda Angga Kusumah, Angga Angraeni, Enita arianti, Wiwid Arif Mustofa Armitasari, Tri Atra Romeida Bambang Gonggo Murcitro Bambang Purnomo Bustaman, Hendri Bustaman, Hendri Desak Putu Dewi Kasih Eka Legya Frannita Estiningtyas, Naya Farah Diba Fauzi Febrianto Gayatri, Ida Ayu Made Er Meytha Guntur Cahyono, Guntur Hammam, Hammam Hartal, Hartal Hartawan, I Kadek Dony Hasan Ashari Oramahi Hasanudin Hasanudin Hendri Bustamam Hendro Purnomo Herlina Darwati Hermansyah Hermansyah HESTI PUJIwATI Hidayat Hidayat Hidayat, Anwar I Gede Yusa I Gusti Agung Mas Rwa Jayantiari, I Gusti Agung I Gusti Ketut Ariawan I Nyoman Jaya Wistara Ibrahim Musa, Ibrahim Ibrahim R Indah, Susi Puspita Inoriah, Entang Jekzen, Beni Jeniyansah, Feby Rantau Kumala, Ida Ayu Ratna Lilis Zulaicha Lolyta Sisillia Made Gde Subha Karma Resen Marsiana, Marsiana Maulana, Mohammad I Maulana, Sena Merakati Handajaningsih Mucitro, Bambang G. Munaf, Yusri Murcitro, Bambang G Nainggolan, Rizky Mangiring Tua Nanang Masruchin Nasiroh, Nasiroh Ninosari, Devina Nisa, Nur Harini Khoirun Nizar, M. Samsul Nugraha, Qynara Qynasih Nurcahyo, Edy Nurhaida Nurhaida Paramita, Sita Putra Anugrah Pratama, Vicky Rahmawati, Tria Bayu Romadhan, Tantrie D Safitri, Salsabela Nur Santosa, A.A.Gede Duwira Hadi Septiana Anggraini, Septiana Setioningsih, RETNOWATI Siti Maesaroh Siti Nikmatin Sofyan Zainal SRI FATMAWATI Suharjanto Suharjanto Sumadi, I Putu Sudarma Sumbayak, Roy S.O. Supanjani, Supanjani Supanjani, Supanjani Suryadinata Putra, Ketut Suyatna, Nyoman Taofik Hidayat, Taofik Teguh Adiprasetyo Tri Kuat, Tri Triyanto, Untung Umi Salamah Usman Siswanto Uyatmi, Yesi Wati, Shinta Puspita Widyastuti Widyastuti