Best Bankruptcy & Debt Lawyers in Indonesia

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TNC & FRIENDS LAW FIRM

TNC & FRIENDS LAW FIRM

Yogyakarta, Indonesia

Founded in 2020
7 people in their team
Indonesian
English
Arabic
Javanese
TNC & FRIENDS is a professional and trusted law firm in handling various legal issues in Indonesia. We are supported by experienced advocates, lawyers, legal consultants, sharia business legal consultants, legal auditors, certified mediators, tax lawyers, legal drafters and the experts of law....
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MA&P Lawyers

MA&P Lawyers

Jakarta, Indonesia

Founded in 2014
5 people in their team
Indonesian
English
We are a prime service law firm oriented and our legal services specialized intended to resolve the dispute through litigation procedure and alternative dispute resolution. Our comprehensive services aiming in client satisfaction and giving high commitment of quality. Our law firm is supported with...
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Soengkar & Partners

Soengkar & Partners

15 minutes Free Consultation
Jakarta, Indonesia

Founded in 2003
15 people in their team
Indonesian
English
Soengkar & Partners is a leading Indonesian boutique law firm with not only a unique appreciation of the complex legal and regulatory challenges in Indonesia as well as within the region; but also, a trusted confidant and valued consultant to clients. We provide diligent care and adopt a...
PRAYOGO ADVOCATEN Law Firm

PRAYOGO ADVOCATEN Law Firm

Jakarta, Indonesia

Founded in 2014
15 people in their team
English
Indonesian
Firma hukum kami menyediakan layanan terpadu dan menyeluruh bagi semua pihak yang membutuhkan jasa hukum di Indonesia (Full-Service Law Firm), dengan wilayah kerja di seluruh Indonesia.Spesialisasi dan pengalaman kami adalah di bidang Hukum Niaga/Komersial (termasuk Hak Kekayaan...
OPRICHTER Legal Network

OPRICHTER Legal Network

1 hour Free Consultation
Mampang Prapatan, Indonesia

Founded in 2019
13 people in their team
Indonesian
English
Japanese
OPRICHTER Legal Network has reliable attorneys and each of them has their own specialist area in Debt Recovery, Debt Restructure, Business Law, Dispute Settlement, Intellectual Property, Investigation, Industrial Relation Dispute, Property and Criminal Law. Our team is highly dedicated legal...
Advokat Aslam Fetra Hasan SH CLA CPLS CCCE CCLS

Advokat Aslam Fetra Hasan SH CLA CPLS CCCE CCLS

Jakarta, Indonesia

Founded in 2013
3 people in their team
Indonesian
SCOPE OF SKILLSAslam Advocate SH CLA CPLS CCCE CCLS is an expert and experienced in the field of Property and financial transactions.Financial and property transactions are among our strongest areas of practice. Our expertise in handling several financial and property transaction projects provides...
Bantayan, Putra & Associates

Bantayan, Putra & Associates

Jakarta, Indonesia

Founded in 2007
4 people in their team
Indonesian
A dynamic law office with experienced lawyers, litigator and well known for fixing legal problems. Our partners has many legal networking that will be useful for client. Our firm is called a fixer, we can help you and/or your business with numerous solution and legal protection. Just Say “Talk To...
NIKSON MARPAUNG & PARTNERS

NIKSON MARPAUNG & PARTNERS

Tangerang, Indonesia

Founded in 2015
4 people in their team
Indonesian
Pengacara muda yang memiliki dedikasi yang tinggi sebagai pengacara serta memiliki pengetahuan hukum yang mempuni dibidang hukum.  Setiap penanganan perkara selalu loyal akan nasihat hukum yang diberikan, mengedepankan Kepentingan klien, meminimalisir resiko hukum yang timbul dikemudian hari...
Law Offices Syapri Chan & Partners

Law Offices Syapri Chan & Partners

Deli Serdang, Indonesia

Founded in 1995
20 people in their team
Indonesian
Our law office always provides professional legal services to individuals and society and always upholds legal ethics in order to uphold the supremacy of the law and carry out the duties carried out by clients professionally in order to defend the rights and interests of clients. clients who deal...
SSEK Legal Consultants

SSEK Legal Consultants

Jakarta, Indonesia

Founded in 1992
120 people in their team
English
Indonesian
SSEK Legal Consultants was established in 1992 and is now one of the largest independent corporate and commercial law firms in Indonesia and one of the most highly regarded law firms in the country. SSEK is a full-service law firm and advises multinationals and domestic companies across a range of...
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About Bankruptcy & Debt Law in Indonesia:

Bankruptcy & Debt in Indonesia is governed by the Bankruptcy Law and related regulations. When individuals or companies are no longer able to pay off their debts, they may file for bankruptcy to reorganize their finances or liquidate assets to repay creditors.

Why You May Need a Lawyer:

It can be challenging to navigate the complex legal processes involved in bankruptcy and debt in Indonesia. A lawyer can help you understand your rights, represent you in court, negotiate with creditors, and ensure your interests are protected throughout the process.

Local Laws Overview:

In Indonesia, bankruptcy proceedings are regulated by Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations (PKPU). This law outlines the procedures for bankruptcy, including debt restructuring and asset liquidation.

Frequently Asked Questions:

1. What are the different types of bankruptcy in Indonesia?

In Indonesia, there are two types of bankruptcy: voluntary bankruptcy, where the debtor initiates the process, and involuntary bankruptcy, where creditors petition the court to declare the debtor bankrupt.

2. How long does the bankruptcy process typically take in Indonesia?

The bankruptcy process in Indonesia can vary depending on the complexity of the case, but it usually takes several months to several years to complete.

3. Can individuals file for bankruptcy in Indonesia, or is it only for companies?

Both individuals and companies can file for bankruptcy in Indonesia if they are unable to repay their debts.

4. What are the consequences of bankruptcy in Indonesia?

Bankruptcy in Indonesia can result in the liquidation of assets to repay creditors, restrictions on conducting business, and damage to the debtor's credit rating.

5. How can a lawyer help me in a debt settlement negotiation?

A lawyer can represent you in negotiations with creditors, help you develop a repayment plan, and ensure your rights are protected during the settlement process.

6. What are the alternatives to bankruptcy in Indonesia?

Alternatives to bankruptcy in Indonesia include debt restructuring, debt settlement, and informal negotiations with creditors.

7. Can bankruptcy be reversed in Indonesia?

In certain circumstances, bankruptcy can be reversed in Indonesia if the debtor can prove that they are able to repay their debts or if there are errors in the bankruptcy declaration.

8. How can I protect my assets during a bankruptcy in Indonesia?

A lawyer can advise you on the best strategies to protect your assets during bankruptcy proceedings, such as exempt assets and legal defenses against creditor claims.

9. What are the key legal requirements for filing for bankruptcy in Indonesia?

To file for bankruptcy in Indonesia, the debtor must prove that they are insolvent and unable to repay their debts, and they must comply with the legal requirements outlined in the Bankruptcy Law.

10. How can I find a reputable bankruptcy lawyer in Indonesia?

You can research online, ask for recommendations from trusted sources, and schedule consultations with potential lawyers to find a reputable bankruptcy lawyer in Indonesia.

Additional Resources:

For more information on Bankruptcy & Debt law in Indonesia, you can visit the official website of the Ministry of Law and Human Rights or consult with the Indonesian Advocates Association (PERADI) for legal advice and resources.

Next Steps:

If you are facing bankruptcy or debt issues in Indonesia and need legal assistance, it is recommended to consult with a qualified bankruptcy lawyer who can guide you through the legal process, protect your rights, and help you achieve the best possible outcome for your situation.

Lawzana helps you find the best lawyers and law firms in Indonesia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy & Debt, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Indonesia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.