PKPU Filing (Debtor)
Preparation and filing of voluntary PKPU petition — documentation, financial statements, and creditor lists.
Surabaya · East Java · Indonesia
PKPU Lawyer Surabaya — Debt Suspension & Restructuring Proceedings
Integra Law Office handles PKPU (Penundaan Kewajiban Pembayaran Utang) proceedings in Surabaya — representing both debtors seeking debt suspension and creditors pursuing recovery. We manage the entire process from filing through to restructuring plan confirmation.
PKPU proceedings in East Java.
PKPU is Indonesia's debt suspension and restructuring mechanism, governed by the Bankruptcy Law (UU 37/2004). It allows a debtor to negotiate a composition plan with creditors under court supervision while maintaining business operations. For debtors, PKPU provides breathing room. For creditors, it provides a structured forum for recovery.
PKPU proceedings in Surabaya are handled by the Commercial Court at the Surabaya District Court. The process involves a provisional suspension period (45 days), followed by a full PKPU hearing where creditors vote on a restructuring plan. Success requires careful preparation — both legal and commercial.
We represent debtors and creditors in PKPU proceedings across East Java. Our experience includes manufacturing companies, trading firms, and property developers seeking debt restructuring through the PKPU mechanism.
When you need a PKPU lawyer.
Your company cannot meet debt obligations and needs a structured suspension to negotiate with creditors.
You are a creditor of a company that has filed or may file for PKPU and need to protect your interests.
You need to prepare and file a PKPU petition — as debtor or creditor.
You are in PKPU proceedings and need to negotiate and draft a composition plan.
You need to challenge or defend against a PKPU filing.
You require post-PKPU implementation support for the confirmed restructuring plan.
PKPU legal framework.
The Bankruptcy and PKPU Law (UU 37/2004) governs both bankruptcy (kepailitan) and PKPU proceedings. PKPU can be initiated by the debtor (voluntary) or by creditors (involuntary). The law provides for a provisional suspension period and a full PKPU period with specific timelines.
Key procedural requirements include: minimum creditor thresholds for filing, the appointment of a supervisory judge and curator, creditor class voting on the composition plan, and court confirmation of the plan. A confirmed composition plan is binding on all creditors, including dissenting ones.
Legal References
How Integra handles PKPU matters.
For debtors, we prepare comprehensive filing documentation, negotiate with creditors from a position of transparency, and draft realistic composition plans that have a genuine chance of acceptance. We understand that a failed PKPU often leads to bankruptcy.
For creditors, we assess the debtor's true financial position, evaluate recovery prospects, and advocate for maximum recovery — whether through the composition plan or by pursuing bankruptcy. We attend creditor meetings and vote strategically on behalf of our clients.
PKPU Legal Services
PKPU Filing (Creditor)
Involuntary PKPU petition preparation and filing to protect creditor interests.
Composition Plan
Drafting and negotiating the debt restructuring plan for creditor approval.
Creditor Representation
Representing creditors in PKPU proceedings — claim verification, voting, and recovery strategy.
Post-PKPU Implementation
Supporting implementation of the confirmed restructuring plan and resolving post-confirmation issues.
Frequently Asked Questions
What is the difference between PKPU and bankruptcy?
PKPU is a debt suspension and restructuring mechanism — the debtor continues operating while negotiating a repayment plan with creditors. Bankruptcy (kepailitan) involves the appointment of a curator to liquidate the debtor's assets. PKPU is rehabilitation-focused; bankruptcy is liquidation-focused.
How long does PKPU take?
Provisional PKPU lasts 45 days. If the court grants full PKPU, the period is up to 270 days (with possible extension). The total timeline from filing to plan confirmation typically ranges from 6 to 12 months.
Can a PKPU filing be rejected?
Yes. The court can reject a PKPU petition if procedural requirements are not met — such as insufficient documentation, failure to demonstrate at least two creditors, or if the debtor's financial condition does not warrant PKPU. Proper preparation is essential.
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Request a private consultation.
Describe your PKPU matter. A senior partner will respond within one business day.
Last reviewed: · by Budiarmanto Setyo Hutomo, S.H., M.H.