Insolvency of debtor as the basis to apply deferment of debt payment obligation (ddpo)
Article 222 of Law 37 of 2004 regarding Bankruptcy and Deferment of Debt Payment Obligation (DDPO) explains two things: first, creditor cannot directly force the debtor to pay the debt and or the debtor’s assets confiscation is delayed (moratorium); second, debtor restructures the debt by submitting reconciliation proposal. This research focuses on investigating how insolvency of debtor can become the ground of requesting for DDPO.