Best Bankruptcy Lawyers in Jakarta

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MA&P Lawyers
Jakarta, Indonesia

Founded in 2014
5 people in their team
Indonesian
English
Bankruptcy & Debt Bankruptcy Debt & Collection +2 more
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...

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...
TNC & FRIENDS LAW FIRM
Jakarta, Indonesia

Founded in 2020
7 people in their team
Indonesian
English
Arabic
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....
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...

Founded in 2010
37 people in their team
English
Kantor Hukum Sopian Sitepu & Partners is an Indonesian full-service law firm headquartered in Bandar Lampung with an established office presence in Jakarta. The firm provides both litigation and non-litigation services across a broad range of matters including corporate law, criminal matters,...
TRIMURTI LAW OFFICE

TRIMURTI LAW OFFICE

30 minutes Free Consultation
Jakarta, Indonesia

Founded in 2007
4 people in their team
English
Indonesian
We are seasoned advocates with expertise across key areas of Indonesian law, including family, corporate, agrarian, and property law.We operate with full transparency—guiding you through how the law applies to your situation, so you can plan your legal steps with confidence. Every cost is...

Founded in 2016
English
Mahendra & Co. Law Firm (Semarang Office) stands out as a leading full-service law firm providing comprehensive legal solutions in bankruptcy, criminal justice, employment law, and general practice. The firm's multidisciplinary team is composed of experienced attorneys recognized for their deep...
EHP Law Firm
Jakarta, Indonesia

English
EHP Law Firm, officially known as Esther Hariandja Law Firm, is a distinguished legal practice based in Indonesia, offering comprehensive services in both litigation and non-litigation areas. The firm's expertise encompasses criminal law, civil law, labor law, licensing, business litigation,...
IGNOS Law Alliance

IGNOS Law Alliance

30 minutes Free Consultation
Jakarta, Indonesia

Founded in 2023
11 people in their team
English
Indonesian
IGNOS is a top-notch Indonesian full-service law firm that values genuine alliances with clients. Our team of experienced Lawyers in Jakarta, Indonesia, is here to assist you. We take immense responsibility for providing top-notch legal services to safeguard your company. Our tagline, Your...

Founded in 2016
English
Panatagama Law Office, established in 2016 by Andri Prawira Panatagama in Bandung, Indonesia, has evolved into a comprehensive legal firm offering specialized services in family law, including divorce and inheritance matters, as well as business law, bankruptcy, insurance, taxation, and trial...
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About Bankruptcy Law in Jakarta, Indonesia

Bankruptcy law in Jakarta, Indonesia governs the legal process through which individuals or businesses who are unable to repay their debts can seek financial relief and the fair distribution of their assets to creditors. It aims to provide a fresh start to debtors while ensuring a fair and orderly process for creditors.

Why You May Need a Lawyer

Bankruptcy can be a complex legal procedure that requires expert knowledge and guidance. You may need a lawyer in the following situations:

  • You are considering filing for bankruptcy and need assistance in understanding your options and determining the most suitable course of action.
  • You need help preparing the required documentation, such as bankruptcy petitions and schedules.
  • You are facing legal action from creditors and need representation in court.
  • You need guidance on how to protect your assets and navigate the bankruptcy process effectively.
  • You require assistance negotiating with creditors or restructuring your debts.

Local Laws Overview

In Jakarta, Indonesia, bankruptcy proceedings are primarily governed by Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations (PKPU). The law provides a framework for debtors filing for bankruptcy, debt restructuring, and the appointment of a receiver to oversee the process. It also outlines the rights and responsibilities of debtors and creditors alike.

Frequently Asked Questions

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

In Jakarta, Indonesia, there are two main types of bankruptcy: voluntary bankruptcy, initiated by the debtor, and involuntary bankruptcy, initiated by creditors. Voluntary bankruptcy allows debtors to admit their inability to repay debts and seek protection from creditors. In involuntary bankruptcy, creditors petition the court to declare the debtor bankrupt due to non-payment of outstanding debts.

2. Is bankruptcy the only solution for debt problems?

No, bankruptcy is not the only solution for debt problems. Other alternatives include debt restructuring, negotiation with creditors, and informal settlements. It is advisable to consult with a lawyer to explore all available options and determine the best course of action based on your specific circumstances.

3. Will I lose all my assets if I file for bankruptcy?

While bankruptcy involves a fair distribution of assets to creditors, Indonesian bankruptcy law also provides exemptions for certain assets necessary for the debtor's livelihood. These may include a primary residence, essential personal belongings, and tools required for work. It is essential to consult a lawyer to understand which assets may be exempt in your situation.

4. How long does the bankruptcy process take in Jakarta, Indonesia?

The duration of the bankruptcy process can vary depending on the complexity of the case. On average, it takes around one to two years to complete the process. However, significant delays can occur due to various factors such as the size of the debtor's assets, the complexity of creditor claims, and the timely submission of required documents.

5. Can I start afresh after bankruptcy?

Yes, bankruptcy offers individuals and businesses a fresh start financially. Once the bankruptcy process is complete, you can begin rebuilding your financial life. It is essential to learn from past mistakes and adopt healthy financial practices to ensure a more secure future.

Additional Resources

For further information and assistance, you may find the following resources helpful:

  • The Indonesian Supreme Court website provides information on bankruptcy legislation and court procedures.
  • Legal Aid organizations in Jakarta can offer free or low-cost legal advice to individuals who cannot afford a private attorney.
  • Contacting professional legal associations like the Indonesian Advocates Association (PERADI) can provide you with referrals to qualified bankruptcy lawyers.

Next Steps

If you need legal assistance in bankruptcy, it is recommended to take the following steps:

  1. Research and gather information on bankruptcy laws in Jakarta, Indonesia.
  2. Assess your financial situation and determine if bankruptcy is the most suitable option or if other alternatives exist.
  3. Consult with a bankruptcy lawyer to discuss your specific circumstances and receive personalized advice.
  4. Work closely with your lawyer to prepare the necessary documentation and navigate the bankruptcy process.
  5. Follow the guidance provided by your lawyer to protect your assets and ensure a fair and successful 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, 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.