COLLATERAL GUARANTOR LIABILITY FOR DEBTS OF DEBTORS IN BANKRUPTCY

Hendri Firmansyah; Habib Adjie

doi:10.36526/sosioedukasi.v14i1.5248

Hendri Firmansyah Faculty of Law, Master of Conveyancing, Universitas Narotama
Habib Adjie Faculty of Law, Master of Conveyancing, Universitas Narotama

DOI: https://doi.org/10.36526/sosioedukasi.v14i1.5248

Keywords: Bankruptcy, Collateral Guarantor, Debtor's Debt, Collateral Execution, Legal Protection

Abstract

The insolvency of the debtor has legal consequences on the rights and obligations of the parties involved, including the collateral guarantor. Collateral guarantors have the responsibility to fulfil debt payment obligations if the main debtor is unable to pay off his obligations. This study aims to analyse the obligations of collateral guarantors in cases of debtor bankruptcy based on bankruptcy law in Indonesia. The research method used is normative juridical with a statutory and case approach. The results showed that collateral guarantors still have an obligation to fulfil debt payments even though the main debtor is declared bankrupt, unless there is an agreement that regulates otherwise. In addition, in practice, there are problems related to the execution of collateral and legal protection for guarantors in the bankruptcy system. Therefore, there is a need for legal certainty and a clearer protection mechanism for collateral guarantors in order to create a balance between the interests of creditors and guarantors. This research will discuss how bankruptcy law in Indonesia regulates the obligations of collateral guarantors in the event that the debtor experiences bankruptcy. This research will also analyse the problems that often arise in practice, and provide recommendations to clarify the legal protection mechanism for collateral guarantors.

References

Adams, E. S., & Finche, J. K. (2008). Coordinating cross-border bankruptcy: how territorialism saves universalism. Colum. J. Eur. L., 15, 43.
Adrian, S. (2009). Hukum Kepailitan. Bogor: Ghalia Indonesia.
Ashibly, S. H. (2017). Buku Ajar Hukum Jaminan: Buku Ajar (Vol. 1). MIH Unihaz.
Bahsan, M. (2020). Hukum Jaminan dan Jaminan Kredit Perbankan Indonesia. Rajawali pers.
Marzuki, P. M. (2016). Legal Research, Revision. Jakarta: Kencana Pranada Media Group.
Nabilasari Lesmana, E., & Yustiawan, D. G. P. (2023). Civil Law Analysis of Unwritten Agreements in Business Activities. POLICY, LAW, NOTARY AND REGULATORY ISSUES, 2(2), 109–116. https://doi.org/10.55047/polri.v2i2.568
Pamungkas, P. Y. (2012). Perlindungan hukum Bagi Penjamin Dalam Perjanjian Jaminan Perorangan (Borgtocht) Pada PT. Bank Artha Graha Internasional Tbk Cabang Samarinda. Risalah Hukum, 57–71.
Pangastuti, L. (2015). Pertanggung Jawaban Pihak Personal Guarantee yang Dinyatakan Pailit. Sebelas Maret University.
Prawirohamidjojo, R. (1978). Soetojo dan Marthalena Pohan,". Hukum Perikatan", Surabaya.
Salim, H. S. (2019). Hukum Kontrak Perjanjian, Pinjaman Dan Hibah.
Supianto, H. J. F. (2015). Prinsip Publisitas pada Jaminan Fidusia. Yogyakarta: Garudhawaca.
Usman, R. (2017). Hukum jaminan keperdataan. Bumi Aksara.
Wibowo, W. A., Dwi Istinah, S. R., & Maerani, I. A. (2022). The Legal Position of Insurance Agreement (Borgtocht) as a Form of Credit Bindings. Sultan Agung Notary Law Review, 4(2). https://doi.org/10.30659/sanlar.4.2.396-408
Yulia, Y. (2018). Hukum Acara Perdata. Unimal Press.
Zahlan, M., & Barthos, M. (2023). Implementation of Paritas Creditarium Parity in Bankruptcy Court Decisions of PT. Istaka Karya. https://doi.org/10.4108/eai.6-5-2023.2333455