Minimizing losses and maximizing recoveries
from bankruptcy is indeed possible
Today’s business environment is volatile, and no one can predict what will happen next. Especially during difficult times, some companies may find it challenging to recover credits or discharge debts – leading to the need for corporate recovery.
The current COVID-19 pandemic has slowed down the global and local economies. Various business sectors and industries have been profoundly impacted, leading to bankruptcy or insolvency for many businesses across Indonesia.
To support businesses and companies in Indonesia and help them survive during this unfortunate time, we provide corporate recovery and bankruptcy or insolvency services that can assist you in weathering the storm.
Procedures for Bankruptcy Filing
Bankruptcy filing and debt suspension filing in Indonesia are somewhat complicated. It would be wise to consult with insolvency and bankruptcy professionals who can explain the procedure of corporate recovery in great detail and assist you in every step.
Filing bankruptcy can help business owners by discharging debts or making plans to repay debts. In short, the procedure for filing bankruptcy in Indonesia is as follows:
Note: if a bankruptcy filing is rejected, there will be cassation and judicial review before going through the bankruptcy filing process all over again.
In addition to filing for bankruptcy, business owners can also file for debt suspension. When debt suspension filing is approved, creditors agree to suspend the scheduled payments so that debtors can allocate their resources to coping with and surviving a difficult time.


Debt Suspension (PKPU) Filing in Indonesia


The procedure for filing PKPU in Indonesia is as follows:
What to Expect from Our Corporate Recovery & Bankruptcy or Insolvency Services in Indonesia
A team of bankruptcy experts at InCorp Indonesia (formerly Cekindo) can assist you in navigating matters related to bankruptcy and insolvency regardless of business sector and industry.
You can select from a suite of advice and recommendations that include, but are not limited to, the following:


Start Your Corporate Recovery by Consulting with Experts
InCorp Indonesia (formerly Cekindo) was established to accomplish its primary goals: to support business growth and save businesses. With 10+ years of experience in the Indonesian market, our team of dedicated professionals can provide expert guidance and assistance in numerous distressed situations. From investigations and litigation to debt or equity financing and business restructuring or turnaround, we would be happy to discuss this with you.
Reach out to us by completing the form below so we can immediately assist you with our corporate recovery and bankruptcy or insolvency services in Indonesia.