International Journal of Educational Review, Law And Social Sciences (IJERLAS)
Vol. 4 No. 6 (2024): November

LEGAL ASPECTS OF BANKRUPTCY PEACE THROUGH RESTRUCTURING CORPORATE DEBT IN THE DIGITAL ECONOMY ERA

Ida Nadirah (Unknown)



Article Info

Publish Date
30 Nov 2024

Abstract

The digital economy era has brought significant transformations in the business world, including in the aspect of corporate debt management. In the context of bankruptcy, the traditional approach that tends to focus on the liquidation of corporate assets has begun to be replaced by the peace model through debt restructuring. This approach aims to provide an opportunity for companies experiencing financial difficulties to recover and contribute to the economy. This study aims to analyze the legal aspects of bankruptcy peace through corporate debt restructuring, especially in the digital economy era. The main focus is to identify the applicable legal framework, challenges faced, and opportunities offered by digital technology in the debt restructuring process. The research method used is normative juridical with a conceptual approach and analysis of relevant regulations, including the Bankruptcy and Suspension of Debt Payment Obligations Law (PKPU) in Indonesia. The results of the study indicate that the peace mechanism through debt restructuring has great potential to increase the efficiency and effectiveness of bankruptcy dispute resolution. In the digital era, technologies such as blockchain and digital platforms can be used to increase transparency, accountability, and speed of the restructuring process. However, the implementation of this technology faces challenges, including a lack of specific regulations, data security risks, and resistance from traditional stakeholders.

Copyrights © 2024






Journal Info

Abbrev

IJERLAS

Publisher

Subject

Religion Humanities Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Social Sciences Other

Description

This journal accepts articles on results of the research in fields of Education, Cross Culture, Law, Environmental Empowerment which are the latest issues from the results of activities or practical implementations that are problem solving, comprehensive, meaningful, latest and sustainable findings ...