Application of the Principle of Balance and Justice to Debtors Who Do Not Act in Good Faith Based on Law Number 37 of 2004 Concerning Bankruptcy and Suspension of Payment

The development of the economy in Indonesia has an impact on the development and problems of commercial law. Along with the development of the times, the suspension of payment mechanism is often misused by debtors who want to postpone their debt payment obligations to their creditors in bad faith, such as: using fake debt agreements, involving fictitious creditors, filing several legal efforts, and various other methods with the aim of buying time. The author is interested in examining how the principle of balance and the principle of justice are applied to applications for suspension of payment made in bad faith in the judge’s decision and what efforts can be made by creditors regarding requests for suspension of payment made in bad faith? This research uses a normative-empirical method, research specifications use analytical descriptive, data collection through informal interviews and documentation studies, and qualitative normative data analysis. The results of the research conclude that the principle of balance and the principle of justice are no longer reflected in the judge’s decision regarding suspension of payment cases carried out in bad faith because they have created injustice and legal uncertainty, such as: repeated processing of legal action on the same case, delays in settling bankruptcy assets, delays in the execution process, and so on. Efforts that can be made include submitting an application to terminate the suspension of payment based on Article 255 paragraph (1) of Law 37 of 2004 and taking criminal legal steps.