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The Penundaan Kewajiban Pembayaran Utang (PKPU) process, as governed under Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations, is a legal mechanism in Indonesia designed to provide relief to debtors facing financial difficulties. This law offers a structured framework for companies to negotiate debt repayment arrangements with creditors, aiming to prevent bankruptcy and enable businesses to continue operations while addressing outstanding obligations.
PKPU allows businesses to request temporary relief from debt payments, enabling negotiations with creditors for mutually agreeable repayment terms that help avert formal bankruptcy proceedings while maintaining business continuity. This process provides companies the opportunity to propose a structured repayment plan aligned with their financial capacity and objectives.
The PKPU process offers a valuable solution for businesses navigating financial challenges. By following a structured legal process, PKPU enables companies to explore debt settlement options that protect both business operations and creditor interests. This option not only supports debtors but also ensures that creditors have a fair opportunity to recover their dues. For investors and business executives, understanding PKPU is essential in making informed decisions about financial risks and legal safeguards in Indonesia’s evolving market.
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