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VOL. 7, ISSUE 1 (2025)
Legal impact of debt payment suspension during Covid-19 based on Indonesian bankruptcy law in Indonesia: An analysis of decision number 34/PDT. SUS-PKPU-Pengesahan Perdamaian/2020/PN Niaga SBY
Authors
Herman Bastiaji Prayitno, Yuni Soleha
Abstract
This study explores the legal implications of
implementing the Suspension of Debt Payment Obligations (PKPU) during the
Covid-19 pandemic under Law Number 37 of 2004 on Bankruptcy and Suspension of
Debt Payment Obligations, focusing on Koperasi Serba Usaha (KSU) Lumbung Artho,
which faced an economic crisis during the pandemic. The research examines two
main issues: the PKPU process for KSU Lumbung Artho during the pandemic and
judicial considerations in determining PKPU decisions under the same law. Using
a normative legal methodology and library research, the study analysed primary
legal materials, such as statutory regulations, alongside secondary sources,
including books, journals, and online articles. The findings indicate that the
Covid-19 pandemic did not obstruct the PKPU process, and judicial decisions
aligned with Law Number 37 of 2004. The PKPU process allows debtors to propose
resolutions to creditors during reconciliation meetings, such as partial or
full debt forgiveness, rescheduling payments and interest, transferring assets
to creditors, or converting debt into equity, ensuring compliance with the
legal framework.
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Pages:20-25
How to cite this article:
Herman Bastiaji Prayitno, Yuni Soleha "Legal impact of debt payment suspension during Covid-19 based on Indonesian bankruptcy law in Indonesia: An analysis of decision number 34/PDT. SUS-PKPU-Pengesahan Perdamaian/2020/PN Niaga SBY". International Journal of Law, Policy and Social Review, Vol 7, Issue 1, 2025, Pages 20-25
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