This article does analyse under historical approaches regarding bankruptcy law revision in Indonesia. The author's scrutinizes two approaches concerning how the basic revision conducted and what are the government considerations to carry out the revision aim's. Many reasons elaborated here from the common that embark on the practical needs and to also under the fast IMF's pressure after the significant's case such as "Manulife" and wider affects at post monetary crisis in 1997. The common portrait was happened in many cases also considered is on many corporations case which solvent and have mach more assets than their debt's were got bancruptcy suit's.