Bankruptcy Law

Overview

Bankruptcy and debt restructuring proceedings in Indonesia are governed by Law Number 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations (PKPU). These proceedings are handled by the Commercial Courts and involve structured legal mechanisms for resolving insolvency disputes between debtors and creditors.

Bankruptcy and PKPU cases often involve complex financial structures, competing creditor interests, secured and unsecured claims, asset recovery challenges, and court-supervised restructuring negotiations. Improper handling may result in significant financial losses, operational disruption, and reputational damage.

Luthfi Yazid DHH Law Firm represents both creditors and debtors in insolvency and restructuring matters, providing strategic legal counsel aimed at protecting financial interests while ensuring compliance with Indonesia’s insolvency framework.

How We Can Help

• Filing bankruptcy petitions and PKPU applications before the Commercial Court.
• Representing creditors in claim verification and creditors’ meetings.
• Advising debtors on restructuring strategies and settlement negotiations.
• Assisting in asset recovery and enforcement of secured claims.
• Challenging fraudulent transfers and unlawful asset dispositions.
• Advising directors and shareholders on liability exposure during insolvency proceedings.

Our Approach

We approach insolvency matters with strategic precision and commercial awareness. Whether acting for creditors seeking recovery or debtors pursuing restructuring, our focus is on achieving practical and financially sound outcomes while safeguarding our clients’ legal rights.