Consequences and Implications of Bankruptcy Decision of Semarang Commercial District Court Case No. 2/Pdt.Sus Homologasi/2024/PN Niaga Smg Against PT. Sri Rejeki Isman (Sritex) in Business Law Perspective

Abstract

The purpose of this study is to provide views, explanations and perspectives on the consequences and impacts for legal entities (rechtspersoon or legal persoon) in the legal system in Indonesia, when a company or limited liability company is declared and decided bankrupt by the commercial court, at least this can provide a perspective of awareness for legal practitioners, business practitioners, academics and company stakeholders (GMS, Board of Commissioners and Board of Directors) when the business being managed is faced with an unfavorable situation and circumstances that cannot be controlled especially due to external environmental factors, and understand that at the end of the journey there is a threat or risk of bankruptcy that will be faced. Bankruptcy is currently still a new thing for many entrepreneurs or business actors because they consider the term bankruptcy something very "terrible" and "scary" when their company is declared bankrupt, questions also arise when someone whose company has been declared bankrupt can still carry out business activities again and other concerns are how a person's reputation and credibility still have the opportunity to be able to rise again and improve their reputation throughout the business environment or community.