Tinjauan Yuridis terhadap Mekanisme Kepailitan sebagai Solusi Penyelesaian Utang-Piutang di Indonesia

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This analysis reviews bankruptcy laws and their effectiveness in resolving debt-receivable issues in Indonesia, highlighting legal uncertainties.

The bankruptcy mechanism aims to resolve debt problems, but there are challenges affecting efficiency and trust.
Despite a clear legal structure, implementation issues raise concerns over creditor and debtor rights protection.
An evaluation of Law Number 37 of 2004 reveals the need for updates to improve judicial oversight and public trust.
Application of a normative legal approach reveals both strengths and weaknesses in the current bankruptcy framework.

Banu et al. (2025) studied this question.

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This analysis reviews bankruptcy laws and their effectiveness in resolving debt-receivable issues in Indonesia, highlighting legal uncertainties.