Developing an asset management framework in an Indonesia bankrupt company for the process of selling its property

During a pandemic problem bankruptcy is a serious concern from the debtor. In managing and tidying up the assets of the bankrupt debtor according to the provisions of Indonesian law, the curator has several powers, one of which is the authority to make sales against the assets of the bankrupt debtor which are summarized in the bankrupt account. To be able to exercise this authority, the curator needs to pay attention to the provisions contained in which stipulates that against the whole thing must be done through a public sale. If a debtor is decided to become a bankrupt debtor by a commercial court, it will have legal consequences, namely in general the debtor will confiscate all the assets of the bankrupt debtor and the bankrupt debtor loses the authority to control and manage his bankrupt assets. The research objectives is to determine the roles and responsibilities of a curator in managing the assets and develop a comprehensive asset management framework to manage the asset of a debtor who is declared bankrupt by the court. This framework and asset management could motivate stakeholders in terms of effective asset management for asset control and management in maximizing asset sales of bankrupt companies. These findings can encourage organizations (managers, scientists, curators and leaders) and developing countries, especially practitioners to leave the process of managing bankrupt company assets that are not appropriate and emphasize the application of best practices.