INKRAH Law ·
Indonesia
· Hukum Kepailitan
Bankruptcy and Suspension of Debt Payment Obligations
Kepailitan dan Penundaan Kewajiban Pembayaran Utang
Undang-Undang No. 37 Tahun 2004
UU No. 37 Tahun 2004.
Bahasa Indonesia
Key Subject Matter
UU No. 37 Tahun 2004 mengatur Kepailitan dan Penundaan Kewajiban Pembayaran Utang (PKPU): syarat pernyataan pailit, kurator dan hakim pengawas, serta restrukturisasi utang melalui PKPU yang diperiksa Pengadilan Niaga.
English (British)
Key Subject Matter
Law No. 37 of 2004 governs Bankruptcy and Suspension of Debt Payment Obligations (PKPU): the conditions for a bankruptcy declaration, the receiver and supervisory judge, and debt restructuring through PKPU, adjudicated by the Commercial Court.
INKRAH Note
Petitions are examined on simple proof and tight deadlines; businesses should note the effect of bankruptcy on contracts and security interests.
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Article by Article
Ketentuan Umum
Article 1
— Definition of Bankruptcy
Bahasa IndonesiaKepailitan adalah sitaan umum atas semua kekayaan Debitor Pailit yang pengurusan dan pemberesannya dilakukan oleh Kurator di bawah pengawasan Hakim Pengawas sebagaimana diatur dalam Undang-Undang ini.
English (British)Bankruptcy is a general attachment of all the assets of a bankrupt debtor, whose administration and settlement are carried out by a Receiver under the supervision of a Supervisory Judge as regulated in this Law.
Syarat & Putusan Pailit
Article 2
— Conditions for a Declaration of Bankruptcy
Bahasa Indonesia(1) Debitor yang mempunyai dua atau lebih Kreditor dan tidak membayar lunas sedikitnya satu utang yang telah jatuh waktu dan dapat ditagih, dinyatakan pailit dengan putusan Pengadilan, baik atas permohonannya sendiri maupun atas permohonan satu atau lebih kreditornya.
English (British)(1) A debtor who has two or more creditors and fails to pay in full at least one debt that is due and collectible shall be declared bankrupt by a court decision, whether on its own petition or on the petition of one or more of its creditors.
