Tranggono, Emiral Rangga
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Legal Protection Towards Public Companies from Bankruptcy Tranggono, Emiral Rangga; Silalahi, Udin; Shubhan, Hadi
Global Legal Review Vol. 4 No. 2 (2024): October
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/glr.v4i2.8365

Abstract

Law Number 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations (UU KPKPU) only requires the provision that a Bankruptcy/PKPU application to be submitted by one creditor, and that it can be proven that the public company has at least two creditors, one of which is past due. Financial Services Authority (OJK) has the authority to regulate and supervise activities in the capital market field or sector carried out by public companies. OJK should be responsible for providing legal protection for public companies that submit applications for bankruptcy. The research method used is a normative legal research method. The results of this research confirm that Article 55 paragraph (1) of the OJK Law and Article 8 paragraph 4 of Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector (P2SK Law) are the legal basis or legal protection that gives the authority to the Financial Services Authority to carry out regulation and supervision of financial services activities in the capital markets sector, where financial services activities in the capital markets sector are also carried out by public companies. There must be rules that are made firmly and explicitly so that the OJK is given responsibility, function and authority in protecting public companies from bankruptcy by carrying out insolvency tests. This means that before a public company is submitted for bankruptcy, the OJK must first carry out an insolvency test to determine whether the public company is in a state of insolvency or is actually in a state of solvency. If the results state that the public company is indeed insolvent, then the OJK must provide a product stating either in the form of a cover letter or a certificate that the public company is suitable for the debtor to submit a bankruptcy petition.
Insolvency Test As Protection For Public Companies From Declaration Of Bankruptcy Tranggono, Emiral Rangga; Wijaya, Mustika Mega; Insan, Isep H
PALAR (Pakuan Law review) Vol 11, No 2 (2025): Volume 11, Nomor 2 April-June 2025
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/palar.v11i2.11815

Abstract

AbstractThe ease of filing a bankruptcy petition in Law Number 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations (Bankruptcy Law PKPU) creates vulnerabilities for public companies, even though the public companies have good intentions and healthy financial conditions. The absence of insolvency test regulations creates a legal vacuum that has the potential to be misused by creditors. This study aims to examine the urgency of implementing an insolvency test in Indonesian bankruptcy law and to analyze the need for legal protection for public companies that are still solvent from the potential misuse of bankruptcy petitions through the application of an insolvency test. The research method used is normative law, which uses a legal norm system, which includes research on legal principles and legal rules, in addition this study uses a descriptive inductive approach. Public companies whose shares are owned by many investors need legal protection so that the shareholder community is also protected. The use of insolvency tests such as the balance sheet insolvency and cash flow insolvency methods can be an objective basis for the court in deciding on bankruptcy petitions against public companies. The absence of regulation on insolvency test in Bankruptcy Law PKPU is the impetus to reform bankruptcy law in Indonesia. Therefore, there needs to be a provision that requires bankruptcy test before a public company can be filed for bankruptcy, to ensure that its financial condition is truly insolvent. Keywords: Public Company; Bankruptcy; Insolvency Test. 
The Legal Position Of The Wife's Inherited Property In The Marital Joint Property Due To The Bankruptcy Of The Husband Febrianty, Yenny; Tranggono, Emiral Rangga; Fitria, Mayzara Sari; Ariyanto, Ariyanto; Fitri, Hidayati; Yunita, Masna
PALAR (Pakuan Law review) Vol 11, No 1 (2025): Volume 11, Number 1 January-March 2025
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/palar.v11i1.11615

Abstract

Abstrak Perkawinan dalam bentuk rumah tangga, adakalanya tidak memiliki cukup uang untuk membiayai keperluan atau kegiatannya. Sehingga untuk mencukupi kekurangan yang tersebut, suami / isteri dapat melakukan pinjaman kepada pihak lain. Pinjaman tersebut dapat dilakukan oleh suami/istri tersebut dengan bantuan sumber-sumber pendanaan baik dari perorangan maupun dari lembaga-lembaga pembiayaan, sehingga kekurangan dana tersebut dapat diperoleh. Hal ini disebut dengan istilah utang. Untuk mencegah pertentangan atau perselisihan antara para kreditor tersebut tersebut, biasanya debitor atau kreditor lebih memilih menyelesaikan permasalah tersebut melalui lembaga kepailitan. Dengan kepailitan akan diadakan suatu penyitaan umum terhadap seluruh harta kekayaan debitor yang selanjutnya nanti akan dibagi kepada kreditor secara seimbang dan adil di bawah pengawasan pertugas yang berwenang untuk itu. Maka untuk itu dalam penulisan hukum ini fokus analisis adalah tentang kedudukan hukum harta bawaan isteri dalam harta bersama perkawinan akibat dipailitannya suami. Pendekatan penulisan menggunakan metode yuridis normatif yang sumbernya berasal dari data sekunder, dan hasil dari penelitian ini adalah kedudukan harta bawaan Isteri, jika harta bersama tidak mencukupi untuk membayar utang Suami, maka pada dasarnya harta bawaan isteri masih berada di bawah penguasaan si isteri dan masih menjadi hak sepenuhnya oleh isteri. Kata Kunci: Harta Bawaan, Harta Bersama, Perkawinan, Kepailitan. Abstract Marriage, in the form of a household, sometimes does not have enough money to finance its needs or activities. So, to cover the shortage, the husband/wife can borrow from another party. The loan can be made by the husband/wife with the help of funding sources, either from individuals or from financial institutions, so that the lack of funds can be obtained. This is called debt. To prevent conflicts or disputes between creditors, debtors or creditors prefer to resolve these problems through bankruptcy institutions. With bankruptcy, a general seizure will be carried out on all the debtor's assets which will then be distributed to the creditors in a balanced and fair manner under the supervision of authorized officers. Therefore, in writing this law, the focus of the analysis is on the legal position of the wife's assets in the joint marital assets due to the bankruptcy of the husband. The writing method uses a normative legal method whose sources come from secondary data, and the results of this study are the position of the wife's assets, if the joint assets are not sufficient to pay the husband's debt, then basically the wife's assets are still under the control of the wife and are still fully the wife's rights. Keywords: Property, Joint Property, Marriage, Bankruptcy.