The creditors may be local or international corporation with whom the Administrator shall treat them all equally and prorata.
In a PKPU.
May be the debts are big enough like that of Garuda amounting to Rp 142 Trilion. The Petitionee needs to have quality business consultant to plan. Which ones of the branches of a company that need to be maintained. The rest to be sold out based on approval of Administrator and Supervisory judge.
In the case of Garuda with debt of Rp 142 Trlion. Restructing was the solution and in fact Meeting of Creditors, local and overseas, agreed.
So the strategy to save a company under PKPU is to restudy all of the business then prepare a workable Restructuring Plan. If the Petionee fails then. The company will be liquidated.
The Administrator becomes the Receiver who role is to maximise the asset or boedel. Therefore if he learned there was a violation of fiduciary duties and or malltrading and or illegal transfer he will file actio pauliana as stipulated in art 42 of insolvency law.
