<![CDATA[This study analyzes the legal status of land objects subject to a Preliminary Sale and Purchase Agreement (Perjanjian Pengikatan Jual Beli/PPJB) when a developer is declared bankrupt, from the perspective of legal certainty, with Supreme Court Decision Number 395 K/Pdt.Sus-Pailit/2024 as the case study. This study employs a normative juridical method through statutory, case, and conceptual approaches. The results demonstrate that a PPJB object that has been fully paid for, possessed by the buyer, and acquired in good faith should not automatically be included in the bankruptcy estate. However, such protection does not eliminate the requirement for a Deed of Sale and Purchase (Akta Jual Beli/AJB) and land registration as the formal mechanisms for transferring land rights. The differing decisions at the trial and cassation levels indicate inconsistent application of legal norms, while Judicial Review Decision Number 62 PK/Pdt.Sus-Pailit/2024 upheld the cassation outcome, and Decision Number 24 K/Pdt.Sus-Pailit/2025 reflects the subsequent development of protection for good-faith buyers. Therefore, stronger legal norms are required concerning the criteria for excluding PPJB objects from the bankruptcy estate, substantive examination by bankruptcy administrators, and mechanisms for completing the AJB and land registration while preserving the rights of secured creditors holding valid security interests. Keywords : PPJB; bankruptcy; good-faith buyer; legal certainty; bankruptcy estate.]]>
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