Best Bankruptcy Lawyers in Indonesia

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TNC & FRIENDS LAW FIRM
Yogyakarta, Indonesia

Founded in 2020
7 people in their team
Indonesian
English
Arabic
Javanese
Bankruptcy & Debt Bankruptcy Debt & Collection +1 more
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....

Founded in 2020
4 people in their team
Indonesian
English
Bankruptcy & Debt Bankruptcy Credit Repair +2 more
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...

Founded in 2015
8 people in their team
Indonesian
English
Bankruptcy & Debt Bankruptcy
We are Fully-Serviced Corporate and Commercial Law Firm with wide experiences throughout Indonesian law practices with a proven track record of success. Formerly known as Alexander Waas & Associates, we grow as a leading Law Firm and transformed to be Alexander Waas Attorneys at Law, PLLC.Each...
Kantor Hukum & Kurator Retorika
Jakarta, Indonesia

English
Kantor Hukum & Kurator Retorika, with offices in Jakarta and Medan, offers comprehensive legal services across Indonesia. Their expertise spans criminal law, civil law, constitutional law, business and corporate services, reorganization and bankruptcy, taxation law, labor and employment law, family...
ISKANDAR FELLAS LAW FIRM
Jakarta, Indonesia

Founded in 2017
English
Established in 2017, ISKANDAR & FELLAS LAW FIRM is a distinguished legal practice based in Jakarta, Indonesia, offering comprehensive services to both individuals and corporate entities. The firm's areas of expertise encompass a wide range of legal disciplines, including corporate law, banking and...
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...
K-CASE Lawyer
Surabaya, Indonesia

English
K-CASE Lawyer is a distinguished Indonesian law firm renowned for its proficiency in bankruptcy, real estate, and trial law. The firm's attorneys possess extensive experience in navigating complex bankruptcy proceedings, offering strategic solutions to safeguard clients' interests. In the realm of...
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...
HIDAYAT LAW OFFICE
Jakarta, Indonesia

English
HIDAYAT LAW OFFICE is a dedicated law firm in Indonesia, offering comprehensive legal solutions to both individual and corporate clients. With a team of experienced attorneys specializing in various legal fields, the firm provides assistance in litigation, business agreements, civil disputes, and...
ANANTA LAW FIRM
Karawang, Indonesia

Founded in 2018
3 people in their team
Indonesian
English
ANANTA LAW FIRM is a Law Firm that provides legal services for individual and local companies (Domestic Corporate), and also govermment by means of litigation and non-litigation. The Advocates and Paralegals whoe are members have Experienced in mastering each case judicial institutions, namely...
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About Bankruptcy Law in Indonesia

Bankruptcy in Indonesia is regulated under Law Number 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations. The main purpose of this law is to provide a legal framework for handling insolvency cases and protecting the rights of both debtors and creditors.

Why You May Need a Lawyer

If you are facing financial difficulties and considering filing for bankruptcy, you may need to consult with a lawyer to understand your rights and obligations under the law. A lawyer can help you navigate the complex legal process, negotiate with creditors, and represent you in court if necessary.

Local Laws Overview

Some key aspects of bankruptcy law in Indonesia include the requirements for filing bankruptcy, the role of the bankruptcy administrator, the types of debts that can be discharged through bankruptcy, and the consequences of bankruptcy on personal and business assets.

Frequently Asked Questions

Q: What is the difference between a bankruptcy and a suspension of debt payment obligations?

A: Bankruptcy is a legal declaration of insolvency, while a suspension of debt payment obligations is a temporary measure to protect debtors from legal action by creditors.

Q: How long does the bankruptcy process take in Indonesia?

A: The bankruptcy process can vary depending on the complexity of the case, but it typically takes several months to complete.

Q: Can I still operate a business if I file for bankruptcy?

A: In some cases, you may be able to continue operating your business under the supervision of a bankruptcy administrator.

Q: What are the consequences of bankruptcy on my personal assets?

A: In bankruptcy, your personal assets may be used to repay creditors, but certain assets are protected under Indonesian law.

Q: Can creditors force me into bankruptcy?

A: Creditors can file a bankruptcy petition against you if you fail to pay your debts, but the court will ultimately decide whether to declare you bankrupt.

Q: Can I negotiate with creditors outside of the bankruptcy process?

A: Yes, you can try to negotiate with creditors to settle your debts outside of bankruptcy, but a lawyer can help ensure that any agreements are legally binding.

Q: Can I appeal a bankruptcy decision in Indonesia?

A: Yes, you can appeal a bankruptcy decision to a higher court if you believe there are grounds for overturning the ruling.

Q: How can I find a reputable bankruptcy lawyer in Indonesia?

A: You can ask for recommendations from other professionals, search online legal directories, or contact the Indonesian Bar Association for referrals.

Q: What are the alternatives to filing for bankruptcy in Indonesia?

A: Alternatives to bankruptcy include debt restructuring, debt consolidation, and informal negotiations with creditors to repay debts over time.

Q: How much does it cost to hire a bankruptcy lawyer in Indonesia?

A: The cost of hiring a bankruptcy lawyer can vary depending on the complexity of your case, so it's important to discuss fees and payment arrangements upfront.

Additional Resources

If you need legal advice or assistance with bankruptcy in Indonesia, you can contact the Indonesian Bar Association, the Ministry of Law and Human Rights, or reputable law firms specializing in insolvency and bankruptcy law.

Next Steps

If you are considering filing for bankruptcy or facing legal action from creditors, it's important to consult with a qualified bankruptcy lawyer to understand your rights and options under Indonesian law. A lawyer can help you navigate the legal process, protect your assets, and achieve the best possible outcome for your financial 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, 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.