simple verification principles in bankruptcy procedures in commercial court ofindonesia

The purpose of this paper is to explain how the verification of the principles of bankruptcyprocedures for an institution and an individual must be carried out in a commercial court in indonesia. acommercial court is a special court that handles bankruptcy requests for a trade. this paper uses adescriptive method with its main source, namely law number 37 of 2004 concerning bankruptcy andsuspension of debt payment obligations. law number 37 of 2004 annulls some of the previousbankruptcy regulations, including the regulation which states that district courts no longer have absoluteability to examine or terminate bankruptcy. another change in law number 37 of 2004 is that thebankruptcy procedure is handled specifically by the commercial court with a different procedure andverification principle that is simpler when compared to the previous bankruptcy procedure.