Judicial Implication of Bankruptcy for State Universities as Legal Entities

The issue of the existence and implications of the policy of transforming PTN into PTNBH based on laws and regulations. The research is used as a study that can answer the optimal benefits for the community in obtaining education following the development of the times and can be highly competitive. This study identifies a problem formulation: What are the legal implications of the bankruptcy status of PTNBH based on UU KPKPU if financial difficulties occur? This study uses a normative legal method through legal interpretation analysis to comprehensively examine the concept of PTNBH Legal Entities. Concerning financial management and potential bankruptcy, this study confirms that the application of the Bankruptcy Law to PTNBH requires special consideration considering the characteristics of PTNBH as an educational institution that involves the government and public interests so that it cannot be directly analogized with private legal entities or BUMN. From the analysis results, there is a legal vacuum in the field of finance and PTNBH assets which are prone to triggering conflicts in the future.