ABSTRAK
Motivasi di balik penelitian ini lebih merupakan pandangan dari tujuan sebenarnyadi balik makna penangguhan kewajiban pembayaran dan solusi yang jelas ituumumnya dihadapkan dengan. Sejak manusia dikandung perdagangan, semua entitas yang bersangkutandengan perdagangan dihadapkan dengan ancaman kejatuhan, kurangnya modal dan / atau sumberuntuk lebih end sendiri, dengan demikian istilah kebangkrutan. Sejak juga saat ketika pertamaperusahaan yang didirikan di Roma kuno, gagasan mekanisme berbagi ataukepemilikan di mana ini sistem primal perdagangan telah dimulai, entitas membagikepemilikan perusahaan-perusahaan ini dengan cara berbagi atau saham. Dengan demikian, merekamemiliki modal dapat menjadi investor di mana mereka mengambil bagian keterlibatan dalamaktivitas perdagangan dari perusahaan mereka berinvestasi melalui kontribusi modal. sementara ituadalah yang paling diakui dan terhormat konsep dalam dunia bisnis, sahamsecara khusus dan secara hukum diatur dalam rangka untuk itu untuk melakukan dalam jauh lebihcara halus dan adoptable seluruh waktu.

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ABSTRACT
As the cornerstone of commercial activity and/or early forms of corporatefinance, shares are regarded as a payment obligation that a corporation must fulfill totheir holders. Hence, the concept of shares are closely linked with that of bankruptcy.This research proposes a clear solution to the challenges that many businesses todayare faced with in terms of bankruptcy. Whether or not it is worth converting debts intoshares, of course, lies in the decision that were made between the conflicting parties.However, the fact that such action truly present a solution to their problem remainspecifically and objectively to the benefits that each party obtains.This research approaches the problem through the case study of suspension ofpayment obligation to prevent the bankruptcy of P.T. Bakrie Telecom Tbk. that waspresented by P.T. Netwave Multi Media and were decided that the debts be convertedinto shares. In a long run, the decisions that were made seem solid, as if all debts wereto be fulfilled on specified time. However, there are assumptions as well as theprobability whereby such time extension may prove to be quite risky and are frivolousin nature. This research thus seeks to enlighten the fact that the court of law fullysupports the legality and the solidity of the conversion of debts into shares and howsuspension of payment obligation may well benefit both parties, the debtor as well asthe creditor, in the long run.The motivation behind this research is rather a glance of the true purposebehind the meaning of suspension of payment obligations and the clear solution it?scommonly faced with. Ever since man conceived of commerce, all entities concernedwith trading are faced with the threat of a downfall, of lack of capital and/or resourcesto further its own end, thus is term bankruptcy. Since also the time of when the firstcorporations were set up in ancient Rome, the idea of a mechanism of a share or anownership in which these primal system of trading were initiated, entities divide theownership of these companies by means of a share or a stock. Thereby, thosepossessing capital may become investors in which they partake an involvement in thetrading activity of the company they invested in through capital contributions. While itis the most acknowledged and upstanding of concept in the business world, shareswere specifically and are legally set up in order for it to perform in a much morerefined and adoptable way throughout time.As the cornerstone of commercial activity and/or early forms of corporatefinance, shares are regarded as a payment obligation that a corporation must fulfill totheir holders. Hence, the concept of shares are closely linked with that of bankruptcy.This research proposes a clear solution to the challenges that many businesses todayare faced with in terms of bankruptcy. Whether or not it is worth converting debts intoshares, of course, lies in the decision that were made between the conflicting parties.However, the fact that such action truly present a solution to their problem remainspecifically and objectively to the benefits that each party obtains.I also address this to every single person and/or individual that I?ve met andknown throughout my life, those who have become close friends, dear mates, and eventhose of fair-weather acquaintanceship, for it is due to your presence and participationin my life that I attained the betterment of self, of peace and tranquility, so that I maypass on the love you present me with to all those I?ve yet known.Much Love.