LEGAL REVIEW OF THE BENEFITS OF IMPLEMENTING THE POSTPONEMENT OF DEBT PAYMENT OBLIGATIONS (PKPU) FOR DEBTORS

PKPU is a legal remedy that can be carried out by giving debtors the opportunity to restructure their debts, including paying all or part of their debts to creditors. In practice, postponing debt payment obligations (PKPU) can provide maximum benefits to avoid the company going bankrupt. PKPU is very useful, because the peace made through PKPU will bind other creditors outside PKPU, so that the debtor can continue restructuring his business, without fear of making claims from creditors outside PKPU. Creditors are also guaranteed through PKPU, because if there is a violation of the peace agreement, the creditor can submit a request for cancellation of the peace agreement to the Commercial Court and the debtor will automatically be declared bankrupt.