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Pursuing Anti-Bankruptcy Law

Monday, September 13, 2021

The Indonesian Employers Association (Apindo) is asking the government to impose a moratorium on filing petitions for bankruptcy and debt payment postponement (PKPU). This could be a field day for bad debtors.

arsip tempo : 176922416954.

A 5th-grade student at Kalibaru 05 State Elementary School, M. Alfa Maulana Subekhi (right), with his older brother who attends State High School 13 Jakarta, Wahyu Aji Satrio, participating in online learning in the Kalibaru, North Jakarta, July 2020. Antara/Aprillio Akbar . tempo : 176922416954.

AT the end of July, Teddy Anggoro’s phone rang. But the lecturer at the University of Indonesia’s Law Faculty ignored it, because he needed a full rest as he was recovering from Covid-19.

The next morning, the same person rang him up again. He asked Teddy about the progress of the revision process for Law No. 37/2004 on bankruptcy and debt payment postponement (PKPU). Teddy replied that there was no significant development. The caller

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