The insolvency proceedings of PT United Coal Indonesia has entered a new phase. The supervisory judge is said to have endorsed the company’s bankruptcy documents since March 29, 2016. A number of the company’s assets—properties and shares in other companies—were successfully tracked and secured by the team of curators. These findings also provide hope to the creditors since the team of curator previously estimated that the assets of the company would not be sufficient to pay off all of the Company’s debts.To subscribe please click here
