BALANCED LEGAL PROTECTION, DEBTORS, CREDITORS, AND INTERESTED PARTIES IN BANKRUPTCY

Abstract

The background of the bankruptcy institution's presence was mainly due to the purity of the
economy after the monetary crisis. The bankruptcy cannot actually be regarded as a death knell
for bankrupt debtors and loses everything for creditors and other stakeholders. This hypothesis
is an ideal desire from the Bankruptcy Law that applies in a country. Finally, it is necessary to
find a fundamental cause, namely whether the legislator has seriously considered all aspects on
its development. The principle of legal protection is not necessarily realized in the substance,
Creditors, Debtors, and other parties who do not achieve an adequate protection. The economic
actors does not necessarily assume that the bankruptcy institutions are the best solution in
solving debt problems. This resulted with low bankruptcy requests being submitted to the
Commercial Court compared to the number of problems with debts or bad loans that occurred
in the community