AKIBAT HUKUM PERNYATAAN PAILIT TERHADAP PERIKATAN YANG TELAH DIBUAT DEBITUR SEBELUM PERNYATAAN PAILIT

Abstract

^{The evolution of bankruptcy law in Indonesia within the context of economic globalization. Drastic changes in the global economic landscape have compelled countries, including Indonesia, to revise their legal systems, particularly those related to trade and investment. Indonesia's bankruptcy law, originally adopted from the Dutch colonial system, has undergone several revisions to adapt to the dynamics of the modern economy. Globalization has been a primary driver of these bankruptcy law reforms, with pressure from international institutions such as the WTO, IMF, and World Bank. The primary objective of these reforms is to create a more transparent, efficient, and equitable system for handling bankruptcy cases. Additionally, these reforms aim to protect the rights of creditors, provide opportunities for debtors to start anew, and maintain financial system stability.}