We will explain the regulation in Law No. 37 of 2004 concerning BANKRUPTCY and Suspension of Debt Payment Obligations. PKPU is an inseparable matter in the BANKRUPTCY process. PKPU can also be understood as a certain period given to debtors and creditors determined by a commercial court decision to make a joint agreement related to the payment or settlement of debt problems between the parties, both all or part of the debt also the possibility of debt restructuring. PKPU is requested if the debtor is unable or estimates that he will not be able to continue paying his debts which have fallen due in reaction to the request for bankruptcy filed by his creditors.
We understand that the situation you are currently facing is not something easy and we are not advocates who take advantage of this situation to benefit from you, but indeed the cost to resolve this case cannot be predicted because the settlement of this case is decided based on the voting of the creditors and based on the assets owned by the debtor and is generally done through restructuring.
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