Effectiveness of bankruptcy assets settlement on bankruptcy assets abroad
Keywords:
Effectiveness, Settlement of Bankrupt Assets, Bankrupt Assets AbroadAbstract
The purpose of this study is to find out and analyze how effective the settlement of bankruptcy assets is on bankrupt assets located abroad and to find out and analyze the factors that affect the effectiveness of bankruptcy settlement of bankruptcy assets located abroad. This type of research is Research in general can be classified into two types, namely sociological empirical research (field), which is research conducted with an approach to legal reality in society. This research is based on the existence of a symptom in the form of a gap between expectations (das solen) and reality (das sein) in the field of law. and normative research, which is research conducted by approaching legal norms or substances, legal principles, legal theory, legal postulates and legal comparison. In this study, the author uses juridical normative law research with a qualitative approach. The effectiveness of the settlement of bankruptcy assets against bankrupt assets located abroad includes by submitting an application through the court in the country where the debtor's property is located, through bilateral agreements, diplomatic channels, and using the UNCITRAL Model Law on Cross Border Insolvency with Guide to Enacment. In the solution, of course, it will be easier to use the UNCITRAL Model Law on Cross Border Insolvency with Guide to Enacment, but until now not all countries in the world have ratified so that countries that do not ratify this provision cannot be used, Factors that affect the effectiveness of the settlement of bankruptcy assets against bankrupt assets located abroad: Legal Knowledge Factor, Public awareness factors, community cultural factors, facilities and facilities factors.
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