September 10, 2025International Journal of Law and Society

Justice in the Administration and Settlement of Bankruptcy Estate by Auction in Relation to the Recovery of Creditors’ Claims

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Authors

RNRicki Rahmad Aulia NasutionUniversitas Pembangunan Nasional Veteran Jakarta IJIwan Erar JoesoefUnited States Department of Veterans Affairs HSHeru SugiyonoUniversitas Pembangunan Nasional Veteran Jakarta

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Implication

This study examines the justice aspect in bankruptcy asset management by curators, highlighting creditors' claim recovery through structured auctions.

Key Points

A curator can proceed with a private sale after failed public auctions, ensuring creditor repayment.
The principle of pari passu pro rata governs how assets are allocated among creditors based on their priority.
Article 1131 of the Indonesian Civil Code states that all debtor assets are collateral for debt fulfillment.
An amendment to the Bankruptcy Law is suggested to detail requirements for underhand sales of bankrupt assets.

Cite This Study

Nasution et al. (2025) studied this question.

synapsesocial.com/papers/68c240deb210217d6479c5bd https://doi.org/10.62951/ijls.v2i3.616

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Implication

This study examines the justice aspect in bankruptcy asset management by curators, highlighting creditors' claim recovery through structured auctions.

Justice in the Administration and Settlement of Bankruptcy Estate by Auction in Relation to the Recovery of Creditors’ Claims

Discussion

Member takes

Implication

Key Points

Cite This Study

Justice in the Administration and Settlement of Bankruptcy Estate by Auction in Relation to the Recovery of Creditors’ Claims

Discussion

Member takes

Implication

Key Points

Cite This Study

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