Ilhamsyah ramadhan

Sutan indra hanif

Ilhamsyah ramadhan

Sutan indra hanif

By

LIQUIDATION or

WINDING-UP

Department of Administrative and ScienceUniversity of Brawijaya

Liquidation?Liquidation?

is stopping the company's overall operations

by selling some or all of the Company's assets, pay

all the tax debt, liability to third parties and the

remainder distributed to the members according to

the ratio of allies gain or loss

Other DefinitionOther Definition

1. Black’s Law Dictionary : “Liquidation is (1) the act of determining

by agreement or by litigation the exact amount of something (as

debt or damages) that before was not certain (2) The act of

settling a debt by payment or other satisfaction (3) The act or

process of converting assets into cash, to settle debts.”

2. According to the Dictionary of Banking : “liquidation is the

dissolution of the company with sales of corporate property,

collection of accounts receivable, and debt repayment and an

explanation of the rest of the property or debt between the

owners.”

Liquidation of Underlying situationLiquidation of Underlying situation

1. One of the allies want the dissolution

2. An ally dies, and the heirs do not agree to continue

the partnership

3. Internal dispute among allies

4. One of the allies declared bankrupt

Purpose of LiquidationPurpose of Liquidation

The main purpose of liquidation is to perform

the maintenance and settlement of the bankruptcy

estate. Also refers to the process of liquidation of

Government Regulation No. 1 of 1998 on the

Amendment of the Law on Bankruptcy.

The Rules In Distributing Assets In Liquidation Fellowship Graded In Order Of Priority:

The Rules In Distributing Assets In Liquidation Fellowship Graded In Order Of Priority:

1. Amounts owed to the state.

2. The amount borrowed from a lender who is not an ally.

3. The amount borrowed from allies in addition to capital and

earnings.

4. The amount that should be given to the appropriate

ownership allies.

In general liquidation of partnership (partnership liquidation) involves things - the following:

In general liquidation of partnership (partnership liquidation) involves things - the following:

1. Converting noncash assets into cash

2. Recognizes gains and losses and liquidate the expenses

incurred during the period of liquidation

3. Completed all obligations

4. Distribute cash to the partners in accordance with their

capital account balances end

Liquidation ProcessLiquidation Process

Liquidation process consists of 3 are:

1. Liquidation directly / simultaneously:

2. Periodic gradual liquidation

3. Gradual liquidation of the cash program

Liquidation Directly / Simultaniously

Liquidation Directly / Simultaniously

Liquidation is carried out directly after the entire asset is

realized. For direct liquidation, the terms need to develop a

schedule of cash payments if it fulfills at least one of the

following requirements:

• when there is a deficit allies

• No cash when retained

• if there is still a balance of non-cash assets

Periodic Gradual LiquidationPeriodic Gradual Liquidation

Gradual liquidation process that is periodically

conducted periodically after the realization of

noncash assets and following the liquidation

procedure is repeated until all the estimates do not

balance.

Gradual Liquidation of the Cash Program

Gradual Liquidation of the Cash Program

Gradual liquidation of the cash program that is conducted

periodically liquidation process in which a list compiled

liquidation will equal the periodic gradual liquidation but need

to make a cash program before liquidation compiled list,

which shows how the cash is distributed to the partners in the

future. Besides, the schedule of cash payments in this way is

also a bit different from the periodic gradual liquidation.

Save Payments to The AlliesSave Payments to The Allies

Safe Payments is the distribution that can be done to ally

with certainty that the amount distributed will not be

returned to fellowship some time later to cover existing

liabilities or adjust the capital ally.

Save Payment Calculation is Based on The Assumptions:

Save Payment Calculation is Based on The Assumptions:

1. All allies personally insolvent (the allies can not

pay anything into the fellowship)

2. All non-cash assets reflect losses that may be

experienced (non-cash assets should be considered

as a loss to determine the guaranteed payment.

Recent Liquidate Company Recent Liquidate Company

1. PT Dinamik Sistim Sejahtera

(Aceh)

2. PT Handa Putra Capital

3. PT. Inkapita Venture

4. PT Jasa Dinamika Ventura

Corporation

5. PT Mahe Investama

6. PT Ventura Investasi Perdana

7. PT Ventura Overseas Capital

8. PT Maco Venturindo Kapital

9. PT Ventura Tunai Capital

10. PT Yao Capital

11. PT Abalona Siber Capitalindo

12. PT Techno Venture Business

Synergy

13. PT Ventura Cakrawala

Investama

14. PT Brata Ventura (Denpasar)

15. PT Bhakti Sarana Ventura.

Venture Company

ReasonReason

The 15 businesses that have been inactive in the

distribution of aid activities to the community. The OJK

(Otoritas Jasa Keuangan) suspended business activities of

15 companies for failing to report business activities in

the first semester of 2013. athose companies also

vaccumed for about 7 months.

PT Industri Soda Indonesia (ISI) :

Is a SOE (State-Owed Entreprises) / GOC (Goverment Owned

Corporation) / BUMN that during 2003 to 2006 continues to

lose money. Consecutive losses of Rp 29.89 billion to Rp 35.39

billion to Rp 22.43 billion and Rp 20.67 billion. And it declared

to be liquidated in November 2008 to prevent more losses.