THE restructuring of loans held by debtors affected by Covid-19 must be protected from stowaways. The Financial Services Authority (OJK) must learn from the banking restructuring following the 1998 crisis. This crisis led to the closure of almost a hundred banks in a period of only two years. Hundreds of debtors still have huge loans outstanding, and only a few of them have gone bankrupt. Hardly any small-scale debtors were affected by the crisis