Juridical Analysis of General Securities of Bankruptcy

The rise of bankruptcy cases in Indonesia, moreover these cases involve other countries where the bankruptcy assets are abroad, this is the point of difficult for the court to take steps to execute the debtor's assets. The research conducted belongs to the type of normative legal research. This type of legal research refers to normative or statutory provisions regarding the General Confiscation of Bankrupt Debtors' Assets Outside the Indonesian Jurisdiction Area. The applicant submits a bankruptcy application to the Chief Justice of the Supreme Court through the Registrar, in this case by appointing an Advocate with a Curator license, so that the Chief Justice of the Supreme Court decides on the bankruptcy application by the judge in court. Furthermore, no later than two days after the application is registered, the Registrar will send a request for a declaration of bankruptcy to the Chief Justice of the Supreme Court. After the Head of Complaint gives his approval, the examination hearing will be held no later than 20 days from the date of registration of the application. The panel of judges will decide on the bankruptcy application after the examination session. If there is evidence that the bankruptcy requirements have been met, the bankruptcy application must be approved.