Vol. 19 No. 1 June 2023 YURISDIKSI Jurnal Wacana Hukum dan Sains Universitas Merdeka Surabaya This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License \ Copyright (c) 2023 Author(s) 114 ISSN print 2086-6852 and ISSN Online 2598- 5892 Individual Company Bankruptcy Based On The Bankruptcy Law Mochamad Cholil 1 , Ni Made Yordha Ayu Astiti 1* ,Maghfirah Aliefia 1 , Zakia Fhadillah 1 , Muhammad Amirul Alfan 1 Faculty of Law, Airlangga Universy Surabaya, Indonesia *corresponding author Email: mochamad.cholil-2022@fh.unair.ac.id Article History: Received: March 11, 2023; Accepted: Mei 12, 2023 ABSTRACT After the promulgation of Law Number 11 of 2020 Concerning Job Creation, it has been made possible to form a new legal entity, namely an Individual Company. These changes are referred to in the provisions of Article 109 of the Job Creation Law, which contains several changes to Law Number 40 of 2007 concerning Limited Liability Companies. The government also contains further regulations regarding the existence of an individual company as a legal entity in Government Regulation Number 8 of 2021 concerning Company Authorized Capital and Registration of the Establishment, Amendment and Dissolution of Companies that Meet the Criteria for Micro and Small Enterprises. However, the presence of Government Regulation Number 8 of 2021 does not comprehensively regulate several existing legal issues. Therefore, this research was conducted to analyze the problem. Issues related to whether or not individual companies can apply for bankruptcy at the Commercial Court. If this is possible, the creditor as referred to in the provisions of Article 2 of Law Number 37 of 2004 concerning Bankruptcy and Suspension of Obligations for Debt Payment can naturally become a party involved in a bankruptcy case filed against an Individual Company. This type of research is legal research using statutory and conceptual approaches. The results of this study indicate that an individual company is not necessarily easy to apply for bankruptcy, It is hoped that the existence of an individual company will be able to drive the movement of the economy. Thus, although it is possible to apply for bankruptcy against an individual company, to resolve problems related to general confiscations, a civil lawsuit should be filed in the District Court. Keywords: Bankrupt, Individual Companies, Creditor 1. INTRODUCTION Business development in Indonesia is increasingly advanced, with this development there must be rules that guarantee the development of the business. Seeing the opportunity for Micro and Small Enterprises or abbreviated as UMK to advance people's income, the Government is making every effort to support and provide regulatory convenience. One of the efforts of the Government of Indonesia is to pass Law Number 11 of 2020 concerning Job Creation (later called the Job Creation Law). On October 5, 2020, the House of Representatives together with the President passed the Draft Job Creation Law using the Omnibus Law Method to become law. Furthermore, This Job Creation Law was signed by the President on 2 November 2020 as Law Number 11 of 2020 concerning Job Creation (hereinafter referred to as the Job Creation Law). The Job Creation Law itself originates from the Government Initiative Draft Law that was submitted on February 13