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Novana VJ Kareth

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Open access Sep 2026

Bankruptcy Without Insolvency: Why Indonesia's Entry Standard Violates Rule-of-Law Commitments

Indonesia's bankruptcy law, under Article 2(1) of Law No. 37/2004, permits declarations without substantive insolvency testing, prioritizing formal proof (two creditors, one unpaid debt) over economic reality. This crisis-era design, intended for rapid debt resolution now generates constitutional tensions with the Rech...

Sherly Nelsa Fitri, Novana VJ Kareth · 0 citations

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