INKRAH Law · Kepailitan & PKPU · Undang-Undang No. 37 Tahun 2004

Article 2 — Conditions for a Declaration of Bankruptcy

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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.