2022
DOI: 10.37253/jlpt.v7i1.6746
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Legal Consequences of Bankruptcy and Postponement of Debt Payment Obligations: Are They Similar?

Abstract: There is a main difference between the Postponement of Debt Payment Obligations/ PDPO (Penundaan Kewajiban Pembayaran Utang/PKPU) and bankruptcy. They may become a solution when a business is entangled in financial problems or debts. Due to their differences, this study aims to ascertain the legal consequences arising from bankruptcy and the Composition Plan under the PDPO by analysing the court decision relating the Homologation Decision (the Endorsed Composition Plan). It adopts normative juridical research,… Show more

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Cited by 2 publications
(2 citation statements)
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“…According to Kartini Mulyadi, PKPU is defined as an opportunity given to debtors to carry out debt restructuring, which includes paying all debts an opportunity given to debtors to carry out debt restructuring, which includes paying all or part of their debts to concurrent creditors (Mulyadi, 2001). Furthermore, Munir Fuady has his opinion thatbelieves PKPU is a period granted by law through a commercial court judge's decision, during which creditors and debtors are given the opportunityallowed to settle how to pay their debts in whole or in part, including restructuring the debt (Manurung et al, 2022). According to Sutan Remy Sjahdeini, PKPU is an attempt made by the debtor to avoid bankruptcy or an attempt to avoid the liquidation of assets when the debtor has been or will be in an insolvent state (Sutan Remy Sjahdeini, 2016).…”
Section: Bankrupt;mentioning
confidence: 99%
“…According to Kartini Mulyadi, PKPU is defined as an opportunity given to debtors to carry out debt restructuring, which includes paying all debts an opportunity given to debtors to carry out debt restructuring, which includes paying all or part of their debts to concurrent creditors (Mulyadi, 2001). Furthermore, Munir Fuady has his opinion thatbelieves PKPU is a period granted by law through a commercial court judge's decision, during which creditors and debtors are given the opportunityallowed to settle how to pay their debts in whole or in part, including restructuring the debt (Manurung et al, 2022). According to Sutan Remy Sjahdeini, PKPU is an attempt made by the debtor to avoid bankruptcy or an attempt to avoid the liquidation of assets when the debtor has been or will be in an insolvent state (Sutan Remy Sjahdeini, 2016).…”
Section: Bankrupt;mentioning
confidence: 99%
“…The investments for sustainable development will not be huge globally speaking, surely not contrasted with the exorbitant losses if no investments are made (Sachs, 2012). Instituting an investment and capital bureau would further shape the structure and the resources required to kick start financing streams (Manurung et al, 2022). In particular, this drive can promote technical aid for developing nations, as well as public-private cooperation, to address financing bottlenecks and restraining factors in funding sustainable investments (Stephenson et al, 2021).…”
Section: H Insufficient Financing and Infrastructuresmentioning
confidence: 99%