In Semester I 2022, the Trend of Delaying Debt Payment Obligations (PKPU) is Recorded Declining

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In Semester I 2022, the Trend of Delaying Debt Payment Obligations (PKPU) is Recorded Declining

KONTAN.CO.ID – JAKARTA . Throughout the first semester of 2022, the number of cases of Postponement of Debt Payment Obligations (PKPU) decreased compared to 2021.

Citing data from the case tracking information system (SIPP) from 5 commercial courts (PN), namely the Central Jakarta District Court, Medan District Court, Semarang District Court, Surabaya District Court and Makassar District Court, the trend of PKPU cases was recorded to decline.

It was recorded that in January-June 2021, there were 396 PKPU cases and 72 bankruptcy cases. Meanwhile, in January-June 2022, there were 240 PKPU cases and 51 bankruptcy cases.

Chairman of the Accounting and Taxation Studies Division of the Association of Indonesian Issuers (AEI) Ajib Hamdani said this condition illustrates that the business world is directly proportional to general economic conditions.

The economy shows a positive trend in 2022 compared to conditions in 2021.

“If this condition can consistently persist until the end of the year, the business world will show an improvement trend. One of them is a decrease in the number of PKPU cases and bankruptcy cases,” said Ajib to Kontan.co.id, Monday (11/7).

Ajib said that PKPU requested by a third party or carried out voluntarily by the entrepreneur is an indicator of the difficulty of the business world in running their business.

The hope of the business world is that this trend will continue to be maintained until the end of the year, to maintain the momentum of the transition from the pandemic to the endemic period, and the business world to return to stability.

“The lower the PKPU number, it means the economy is getting better,” said Ajib.

Meanwhile, Chairman of the Advisory Board of the Indonesian Association of Curators and Administrators (AKPI) Jamaslin James Purba said the decline in the number of PKPU cases in the Commercial Court could be interpreted in several ways.

First , economic conditions have begun to improve compared to the previous year.

Second , creditors may feel that the settlement of bad debts is not very effective at PN Niaga. If that is the case, the settlement of claims for separatist creditors who have collateral, they prefer to execute the collateral.

“The trend (of the PKPU case) could decline if later the handling of the pandemic and economic recovery can run well,” said James.

Source: Kontan.co.id.sg July 11, 2022