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PKPU (Suspension of Debt Payment) provides a formal legal mechanism that allows a debtor to restructure its financial obligations before being declared bankrupt. This process serves as a critical opportunity for debtors to reach a fair and constructive settlement with creditors through a structured and supervised framework.
The PKPU process includes several key stages: from the initial creditors’ meeting, pre-verification and verification of claims, to the discussion and voting on the proposed composition plan. Each stage is strictly monitored by the court and conducted under the supervision of an appointed administrator to ensure transparency, legal certainty, and protection of the interests of all parties involved.
This mechanism reflects the principle that bankruptcy should be a last resort, with PKPU offering a chance for financial recovery through cooperation and negotiation
