• Anwar Hidayat Faculty of Law, Buana Perjuangan Karawang University
  • Muhamad Abas Faculty of Law, Buana Perjuangan Karawang University
  • Dalih Purwana Faculty of Law, Buana Perjuangan Karawang University
Keywords: Bankruptcy, Insolvency, Dept Repayment


Bankruptcy results in a general confiscation of all assets of the bankrupt debtor (budel bankrulit). An important phase in the bankruptcy process is the insolvency stage. Based on the explanation of Article 57 paragraph 1 of the Bankruptcy Law and PKPU, what is meant by insolvency is the state of inability to pay, this is in line with the Central Jakarta Commercial Court Decision Number: 44 / PDT. SUS. PAILIT/20 20/PN. TRADE. JKT. PST. That PT.  Pazia Retailindo was declared bankrupt. Application for bankruptcy filed by PT. Dana Kaya through its Directors, namely Sri Dewi Endang Mumpuni and Ambar Bawono on October 20, 2020, was represented by the appointed legal representative, namely PARLIN SIHOMBING, S.E., S.IP., S.H. Advocate at the Law Firm BELASSANDRO TORUAN &; PARTNERS. The problem raised in this study is the condition of Insolvency of PT. Pazia Retailindo before the bankruptcy decision  , and what underlies the judge's consideration in the bankruptcy decision Number: 44 / Pdt.Sus.Pailit / 20 20 / Pn.Niaga.Jkt.Pst which refers to Law Number 37 of 2004. This research uses a Normative Juridical approach. The result of this study is that the legal considerations used by the panel of judges in deciding the bankruptcy case of PT. Pazia Retailindo complies with Law Number 37 of 2004 concerning Bankruptcy and PKPU, namely the fulfillment of all elements contained in Article 2 Paragraph 1 and Article 8 Paragraph 4 of the Bankruptcy Law and PKPU. 


Download data is not yet available.


Asikin, Zainal. Insolvency and Delayed Payment Law in Indonesia. Jakarta: Grafindo Persada, 2012.

Central Jakarta Commercial Court Decision Number: 44/PDT. SUS. PAILIT/2020/PN. TRADE. JKT. PST Regarding PT Pazia Retailindo's Bankruptcy Application, November 10, 2020.

Constitution of the Republic of Indonesia Year 1945

Deny Guntara, Farhan Ashhadi, Izni Nur Izzati. "Juridical Analysis of the Insolvency of PT Mandala Airlines Insolvency of Insolvent Debtors based on Law Number 37 of 2004 concerning Bankruptcy and PKPU (Study of Decision Number: 48 / PDT. SUS. PAILIT/2014/PN. TRADE. JKT. PST)." Law Student Journal 56 (2021): 1-10.

Fuady, Munir. Insolvency law in theory and practice. Bandung: Citra Aditya Bakti, 2010.

Hervana Wahyu Prihatmaka, Sunarmi, Rahmad Hendra. "Insolvency in Insolvency Law in Indonesia (Study of Decision No.48/Bankruptcy/2012/Pn.Niaga.Jkt.Pst Between PT. Cellular Telecommunications VS PT. Primajaya Informatics)." Fiat Justisia Journal of Legal Science. Vol. 8 No. 2 (April 2014), pp. 1-16.

Ibrahim, Jonaedi Efendi and Johnny. Normative and Empirical Legal Research Methods. Depok: Prenamedia Group, 2016.

Indonesian Civil Code

Kapoyos, Nelson. "The concept of proof is simple in bankruptcy cases (Review of Decision Number 125/PK/PDT. SUS-PAILIT/2015)." Judicial Journal. Vol. 10 No.3 (December 2017), pp. 331-346.

Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations (LN No. 131 of 2004, TLN No. 4443).

Law No. 40 of 2007 concerning Limited Liability Companies (LN No. 106, TLN No. 4756).

Mahmud, Marzuki Peter. Legal Research. Jakarta: Kencana, 2007.

Masitho, Afifatul. "Legal considerations in Decision No.16/Pdt.Sus- Bankruptcy/2020/PN. Niaga.Jkt.Pst on Limited Liability Company Bankruptcy Cases from the Perspective of Islamic Law and Law No.37 of 2004." Journal Of Islamic Business Law. Vol. 6 No. 3 (December 2022), p. 1-13.

Muljadi, Gunawan Widjaja and Kartini. Guidelines for Handling Bankruptcy Cases. Jakarta: PT. Raja Grafindo Persada, 2012.

Nugroho, Susanti Adi. Bankruptcy Law in Indonesia in theory and practice as well as the application of its law. Jakarta: Prenadamedia Group, 2018.

Rachmadsyah, Shanti. https://www.hukumonline.com/klinik/a/syarat-kepailitan-cl1266/. June 14, 2023.

Saliman, Abdul R. Business Law for Corporate Theory and Case Examples 4th Cet. Jakarta: Kencana, 2014.

Shubhan, Hadi. Bankruptcy Law: Principles, Norms, and Practices in the Judiciary. Jakarta: Kencana, 2008.

Sjahdeini, Sutan Remy. History, Principles and Theories of Bankruptcy Law Understanding Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations. Jakarta: Prenadamedia Group, 2016.

Widjaja, Gunawan. Insolvency Business Law Series. Jakarta: PT Grafindo Persada, 2014.

How to Cite
Hidayat, A., Abas, M., & Purwana, D. (2023). JURIDICAL REVIEW OF BANKRUPTCY CONDITIONS AND DELAY OF DEBT REPAYMENT OBLIGATIONS. Awang Long Law Review, 6(1), 231-236. https://doi.org/10.56301/awl.v6i1.992