2023
DOI: 10.37253/jjr.v25i1.7765
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Strategies for Preventing Bankruptcy: Adopting Insolvency Tests from the United States Perspective to Indonesia

Abstract: Companies don't always make a profit and taking loans from banks or other companies to ensure smooth business operations can put a company's existence in danger. Failure to repay loans can lead to bankruptcy, declared by the competent commercial court upon request of the creditor or debtor. The ease with which bankruptcy requirements are regulated under Indonesian law can lead to economic problems. This study seeks to examine the differences between bankruptcy laws in Indonesia and the United States, the chall… Show more

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