Proceedings of the International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2018)

The Role of Administrator and Procedure of Payment Suspension in the Commercial Court: A Case Study

Authors
I Made Arjaya
Corresponding Author
I Made Arjaya
Available Online November 2018.
DOI
https://doi.org/10.2991/icblt-18.2018.16How to use a DOI?
Keywords
bankruptcy; suspension of payment; receiver and administrator
Abstract
The purpose of the research is to examine the authority of administrator and the procedures of Suspension of Payment Obligations (PKPU) of PT. RR and JCT at Surabaya Commercial Court. This type of research is normative law research with statute approach, conceptual approach and cases approach. The legal substances used in this study are primary legal materials and secondary legal materials. The resources of legal material obtained from case studies. The legal sources were collected literature studies and case analysis. The analysis used in this research is descriptive analysis that is by describing the results of research that has been collected and analyzed. The result indicate that the administrators have authority to announced court statement, organizing meetings, receive registration, prepare the creditor bill list, preparing settlement plan, prepare a voting list and make a report. The procedures of suspension of payment begins with an application filed by a debtor or creditor. The application must be granted by the court by issuing a statement for 45 days and can be extended up to 270 days.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Cite this article

TY  - CONF
AU  - I Made Arjaya
PY  - 2018/11
DA  - 2018/11
TI  - The Role of Administrator and Procedure of Payment Suspension in the Commercial Court: A Case Study
BT  - Proceedings of the International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2018)
PB  - Atlantis Press
SP  - 67
EP  - 69
SN  - 2352-5398
UR  - https://doi.org/10.2991/icblt-18.2018.16
DO  - https://doi.org/10.2991/icblt-18.2018.16
ID  - Arjaya2018/11
ER  -