Practice Areas
Bankruptcy and Restructuring
PKPU and bankruptcy petitions before the Commercial Court, representing creditors or debtors, and negotiating debt restructuring.
We handle petitions for suspension of debt payment obligations (PKPU) and bankruptcy petitions before the Commercial Court, acting for both debtors and creditors. Each matter is assessed on the basis of the evidence of the debt, whether it is due and payable, and a realistic view of the likely outcome.
Outside the court, we help negotiate debt restructuring with creditors, including drafting composition plans (perdamaian) that the parties can accept. We also advise on the roles of the curator and the administrator, and on the rights and obligations of each party while the process runs.
What we do
- PKPU and bankruptcy petitions before the Commercial Court
- Representing debtors and creditors in insolvency cases
- Drafting and negotiating composition plans (perdamaian)
- Debt restructuring negotiations and repayment schedules
- Advice on the roles of curators and administrators
- Filing and verifying creditors’ claims
- Appeals against Commercial Court decisions
Frequently asked questions
What is the difference between PKPU and bankruptcy?
PKPU gives a debtor with matured debts time to prepare a payment or composition plan with its creditors, while the business keeps operating under supervision. Bankruptcy aims to wind up the debtor’s estate under the supervision of a curator and distribute it among creditors according to their rights.
Who can file a bankruptcy or PKPU petition?
A petition may be filed by the debtor itself or by a creditor. The main requirements are a debt that is due and payable and at least two creditors. The matter is heard by the Commercial Court within the short deadlines set by law.
Can a composition plan be approved without creditor consent?
Generally no. A composition plan must be approved at a creditors’ meeting under the quorum and majority rules set by law, so early negotiations with major creditors are often decisive.
Tell us about your legal matter
A free 30-minute initial consultation, in person or online.