PKPU strategy review
Assess financial records, creditor structure, available evidence, and whether a court-supervised proposal is commercially supportable.
Surabaya · East Java · Indonesia
PKPU Lawyer Surabaya — Suspension of Payments & Debt Restructuring Plans
PKPU (suspension of debt payment obligations) is a court-supervised process for a debtor to propose a composition to creditors. Integra Law Office advises debtors and creditors on eligibility, the proposal, and proceedings before the competent Commercial Court in Surabaya.
Dispute resolution and insolvency in East Java.
A debtor considering PKPU should test whether a realistic proposal can be prepared from reliable cash-flow and asset information. Gather creditor balances, maturity dates, security documents, tax and employee liabilities, major contracts, and forecasts with stated assumptions. The proposal must address how creditors would be treated; a filing without credible financial support can deepen distrust and expose the company to further proceedings.
Creditors should reconcile their own claim, identify its legal and security basis, and track notices and meeting information. PKPU may create an opportunity to evaluate a composition, but creditors must assess voting implications, collateral, and alternatives. It is a statutory process, not a private standstill, and creditor acceptance of revised terms remains uncertain.
When you need this service.
A company needs a structured proposal because ordinary payment negotiations have stalled.
A creditor receives notice of PKPU and must verify its claim and prepare for creditor meetings.
A debtor faces a bankruptcy petition and needs to compare procedural options promptly.
The business has several creditor classes, secured facilities, or disputed balances to reconcile.
A composition proposal requires testing against cash flow, collateral, and creditor treatment.
Dispute resolution and insolvency framework.
Law No. 37 of 2004 on Bankruptcy and PKPU governs the process. A PKPU application is considered by the competent Commercial Court, which appoints a supervisory judge and administrator as provided by the statute. The law sets statutory stages and limits; for example, temporary PKPU may last up to 45 days under Article 225(4), while the overall statutory framework and any extension must be checked against the current provision and case posture.
A composition requires creditor approval under statutory voting rules and court confirmation (homologation); the relevant creditor categories, attendance, claim values, and voting record matter. If a composition is rejected or not confirmed, bankruptcy consequences may follow under the statute. The competent court depends on statutory venue rules and debtor domicile; Surabaya is not automatically the forum for every East Java-related business.
Legal References
How we handle disputes and insolvency.
For debtors, we review the application basis, reconcile liabilities, examine security and related-party issues, and test proposed repayment assumptions against business records. We help prepare court documents and organize supporting schedules, then advise on the composition and creditor communications. The client must supply complete and consistent data; counsel does not determine creditor acceptance.
For creditors, we review the notice, proof of claim, security position, and proposed treatment, then prepare for claim verification and voting steps. We explain the implications of a proposed composition and document any objection or reservation. The court, administrator, and creditors perform distinct statutory roles that should not be conflated.
Our Services
Petition and response documents
Prepare or review filings and organize debt schedules, corporate authority, and supporting records for the court process.
Composition planning
Help structure and document proposed payment terms using cash-flow assumptions and creditor treatment analysis.
Creditor representation
Review and substantiate claims, monitor notices, and prepare for verification, meetings, and voting.
Frequently Asked Questions
Who can apply for PKPU?
The statute provides routes for a debtor and qualifying creditors to apply, with additional rules for certain regulated entities. The applicant’s status, documents, and competent forum must be checked against Law No. 37 of 2004 and any applicable sector-specific law. Do not assume every creditor can use the same procedure.
How long can PKPU last?
The statute sets time limits, including temporary PKPU of up to 45 days under Article 225(4), and a maximum framework for continuation under the relevant provisions. Actual procedural posture and calculation must be confirmed from current law and court orders. Do not treat statutory limits as a prediction of case duration.
What should a creditor prepare after receiving notice?
Gather the contract, invoices, account reconciliation, proof of maturity, payment records, security documents, and correspondence. Follow the administrator’s instructions and stated deadlines in the case notices, and promptly raise discrepancies in the claim record. Counsel should verify the applicable procedural dates from the actual notice.
What determines the cost of PKPU representation?
Costs depend on whether representation is for debtor or creditor, financial and claim complexity, document quality, hearing and meeting work, and proposal analysis. Ask for scope, billing basis, court charges, administrator-related expenses, and any translation or accounting work to be separated. No acceptance or recovery outcome can be promised.
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