Proceedings of the 1st Brawijaya International Conference on Business and Law (BICoBL 2022)

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Maintaining Global Economic Sustainability: Bankruptcy as Settlement Legal Remedies Accounts Receivable Due to the Covid-19 Pandemic

Authors
Idho Sedeur Nalle1, *, Abdul Rachmad Boediono1, Setyo Widagdo1, Rika Dewantara1
1Law Doctoral Program, Faculty of Law, University of Brawijaya, Malang, Indonesia
*Corresponding author. Email: idho.n1978@gmail.com
Corresponding Author
Idho Sedeur Nalle
Available Online 27 July 2023.
DOI
10.2991/978-94-6463-214-9_9How to use a DOI?
Keywords
Covid-19; Accounts Receivable; Bankruptcy
Abstract

The Covid-19 pandemic has caused business actors to suffer losses and are unable to carry out their obligations to creditors. This condition was caused by deteriorating economic conditions, due to uncertainty. Many local and global companies have filed for bankruptcy, amidst the desire to maintain the company’s survival. This study aims to examine and analyze the efficiency and effectiveness of the bankruptcy mechanism as an effort to settle debts due to uncertainty after the Covid-19 Pandemic or the deteriorating economy. This legal research is a qualitative legal research with a descriptive design that uses the theory of economic analysis of law in debt settlement due to deteriorating economy. The results of the study show the effectiveness of debt settlement through bankruptcy institutions.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 1st Brawijaya International Conference on Business and Law (BICoBL 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 July 2023
ISBN
978-94-6463-214-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-214-9_9How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Idho Sedeur Nalle
AU  - Abdul Rachmad Boediono
AU  - Setyo Widagdo
AU  - Rika Dewantara
PY  - 2023
DA  - 2023/07/27
TI  - Maintaining Global Economic Sustainability: Bankruptcy as Settlement Legal Remedies Accounts Receivable Due to the Covid-19 Pandemic
BT  - Proceedings of the 1st Brawijaya International Conference on Business and Law (BICoBL 2022)
PB  - Atlantis Press
SP  - 81
EP  - 87
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-214-9_9
DO  - 10.2991/978-94-6463-214-9_9
ID  - Nalle2023
ER  -