Best Bankruptcy & Debt Lawyers in Jakarta

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TNC & FRIENDS LAW FIRM

TNC & FRIENDS LAW FIRM

Jakarta, Indonesia

Founded in 2020
7 people in their team
Indonesian
English
Arabic
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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Legalinfo Lawyers

Legalinfo Lawyers

30 minutes Free Consultation
Jakarta, Indonesia

Founded in 2025
4 people in their team
Indonesian
English
Legalinfo Lawyers is an experienced law firm specializing in Alternative Dispute Resolution and Litigation, Criminal Law, Labor and Immigration Law, Corporate & Commercial Law, Debt Recovery/Collection, and Intellectual Property Rights. We provide comprehensive and effective legal solutions for...
Law Office Risky Dendy Partner Advocate - Receiver & Administrator For Bankruptcy

Law Office Risky Dendy Partner Advocate - Receiver & Administrator For Bankruptcy

Jakarta, Indonesia

Founded in 2020
4 people in their team
Indonesian
English
Lawyers with experience in handling legal challenges encountered by individuals and legal entities founded Law Office Risky Dendy Partner Advocate Receiver and Administrator. The firm resolves matter through both non-litigation and litigation methods. Law Office Risky Dendy Partner Advocate...
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...
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...
TRIMURTI LAW OFFICE

TRIMURTI LAW OFFICE

30 minutes Free Consultation
Jakarta, Indonesia

Founded in 2007
4 people in their team
English
Indonesian
We are Experienced Advocates in several practice areas of law, such as family law, corporate law, agrarian law, property law, etc. We work transparently to explain how Indonesian law can solve your case so far,  so you can decide what you want to do or make your plan before taking legal...
Octavianus Tambunan & Partners

Octavianus Tambunan & Partners

Jakarta, Indonesia

Founded in 2017
3 people in their team
Indonesian
I built my Law Office when I have my license under the high court in Jakarta also from the supreme court.My specialty is in all Law fields especially in banking cases, private laws, Criminal Laws.Best Regards,Manager Partner Law Office,Octavianus Tambunan & Partner,Octavianus Tambunan,...
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...
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...
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Browse bankruptcy & debt law firms by service in Jakarta, Indonesia

Jakarta, Indonesia Attorneys in related practice areas.

About Bankruptcy & Debt Law in Jakarta, Indonesia

Bankruptcy & Debt law in Jakarta, Indonesia governs the legal procedures and regulations related to individuals and businesses facing financial difficulties. These laws provide a framework for managing debt, potential liquidation of assets, and the recovery of debts owed to creditors. Bankruptcy & Debt law aims to offer protection to both debtors and creditors in resolving financial disputes and finding equitable solutions.

Why You May Need a Lawyer

There are several situations where seeking legal help in Bankruptcy & Debt matters in Jakarta, Indonesia may be necessary:

  • If you are considering filing for bankruptcy, a lawyer can guide you through the process, help you understand the implications, and assist in fulfilling the necessary legal requirements.
  • If you have been served with a bankruptcy petition, it is crucial to seek legal advice promptly to explore your options and protect your rights.
  • If you are experiencing financial distress and need assistance in negotiating with creditors, a lawyer can help you develop a repayment plan or explore debt restructuring options.
  • If you are a creditor, seeking legal representation can help you navigate complex legal proceedings and maximize your chances of debt recovery.
  • If you need guidance on debt collection practices, a lawyer can help you understand the legal boundaries and ensure compliance with applicable laws.

Local Laws Overview

Bankruptcy & Debt laws in Jakarta, Indonesia are primarily governed by the Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations ("Bankruptcy Law") and its subsequent amendments. Key aspects of local laws include:

  • Bankruptcy Filing: Procedures for filing bankruptcy, eligibility criteria, and the role of the Jakarta Commercial Court.
  • Debt Payment Suspension: Legal provisions related to debt payment suspension, restructuring, and rehabilitation procedures.
  • Creditor Rights: Protection of creditor rights and priority order of debt repayment.
  • Debtor Rights: Safeguards for debtors, including the right to defend against bankruptcy petitions and seek debt relief.
  • Asset Liquidation: Procedures for the liquidation and distribution of assets to settle debts.
  • Debt Collection: Regulations pertaining to debt collection practices and limitations on creditor actions.

Frequently Asked Questions

Q1: How long does the bankruptcy process typically take in Jakarta, Indonesia?

The duration of the bankruptcy process can vary depending on the complexity of the case. It can range from several months to multiple years. The involved parties, court workload, and compliance with legal requirements can impact the overall timeline.

Q2: Will bankruptcy discharge all my debts?

Bankruptcy may lead to the discharge of certain debts, but it does not eliminate all types of debts. The bankruptcy court will determine which debts are eligible for discharge based on the applicable laws and the nature of the debts.

Q3: Can I keep any assets if I file for bankruptcy?

Under Bankruptcy Law in Jakarta, Indonesia, some assets may be exempt from the bankruptcy estate. These exemptions can include essential personal belongings, a primary residence up to a certain value, and tools necessary for your occupation. However, it is crucial to consult with a lawyer to understand the specific exemptions applicable to your situation.

Q4: Can creditors continue to pursue me after I file for bankruptcy?

Once you file for bankruptcy, an automatic stay comes into effect. This prohibits most creditors from taking any further collection actions against you. However, certain types of debts may not be subject to the automatic stay, such as child support payments or criminal fines.

Q5: Can I rebuild my credit after bankruptcy?

Yes, it is possible to rebuild your credit after bankruptcy. Although bankruptcy will impact your credit score and remain on your credit report for a specified period, responsible financial management and timely payments can gradually improve your creditworthiness over time.

Additional Resources

These resources can provide further information and assistance related to Bankruptcy & Debt in Jakarta, Indonesia:

  • Bankruptcy Supervisory Board (www.debthelpline.go.id) - A governmental body responsible for supervising bankruptcy proceedings and providing resources for debtors and creditors.
  • Jakarta Commercial Court (www.pn-jakartapusat.go.id) - The court that handles bankruptcy cases, provides access to legal information, and publishes court judgments.
  • The Indonesian Advocates Association (www.ikadin.or.id) - A professional organization of lawyers in Indonesia that can assist in locating qualified legal professionals for Bankruptcy & Debt matters.

Next Steps

If you require legal assistance in Bankruptcy & Debt in Jakarta, Indonesia, consider taking the following steps:

  1. Gather all relevant financial documents and records.
  2. Research and shortlist reputable lawyers or law firms specializing in Bankruptcy & Debt.
  3. Schedule consultations with potential lawyers to discuss your case and evaluate their expertise.
  4. Select a lawyer who is experienced and suits your requirements.
  5. Engage the chosen lawyer to guide and represent you throughout the legal process.
  6. Ensure regular communication with your lawyer and provide any requested information promptly.
  7. Follow their advice and cooperate throughout the proceedings to achieve the best possible outcome.
Lawzana helps you find the best lawyers and law firms in Jakarta 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 Jakarta, 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.