AT-TURAS: Jurnal Studi Keislaman
Vol 9, No 1 (2022): Mu'amalah dan Hukum Islam

Legal Protection of Concurrent Creditors for The Debts That are not Guaranteed by Property Rights According to Bankruptcy Law and Islamic Law

Risma Nur Arifah (UIN Maulana Malik Ibrahim, Malang)
Arman Safril Adam (UIN Maulana Malik Ibrahim, Malang)



Article Info

Publish Date
30 Jun 2022

Abstract

Bankruptcy is a condition where the debtor is unable to fulfill his obligations to pay debts to creditors. Revision of Law Number 4 of 1998 became Law Number. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations explains that concurrent creditors are creditors who do not hold collateral and who do not have special rights and whose claims are not recognized or recognized conditionally, of course, this causes the position of concurrent creditors to be very vulnerable to getting their rights back on the debt of the bankrupt debtor. This research is normative research using a statutory approach and a conceptual approach, where in this study the researcher examined the regulations on bankruptcy through the Act and analyzes the concept of legal protection for concurrent creditors. The results of the study showed that, first, Law Number 37 of 2004 concerning Bankruptcy and PKPU (Postponement of Debt Payment Obligations) explains that concurrent creditors are conditional creditors and do not have special rights, their position in paying off debtors' debts from the remaining proceeds from the settlement or auction of bankrupt assets. Second, Islamic law stipulates that the guaranteed of legal protection for creditors is to fulfill debt obligations as regulated in Surah al Baqarah verse 282 based on the principle of al ‘adalah.

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Journal Info

Abbrev

at-turas

Publisher

Subject

Arts Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Two decades or more, in the global scheme, Islamic studies have been enforced to take broader paradigms from dogmatic-theology to popular-religious. Islamic studies is not merely discussing on sacred corpus only, but everyday life of Islam also. In academic space, this field has increasingly been an ...