Debt Restructuring Advisory
Assess capital structure pressure points, creditor exposure, and viable restructuring paths.
Debt Restructuring Advisory
Act now to protect resilience and financing flexibility.
Indonesian businesses remain exposed to global volatility, refinancing pressure, and uneven demand conditions that can rapidly tighten liquidity and weaken negotiating position.
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Independent
Senior-led advice without large-firm overhead.
Discreet
Designed for sensitive, multi-stakeholder situations.
Indonesia-Focused
Built around local restructuring and court context.
About
Advisory work where clarity and judgment matter.
Harsanityasa is being shaped as a specialist advisory platform for debt restructuring, stakeholder alignment, liquidity pressure, and complex recovery situations in Indonesia. The positioning is grounded in independent advice, senior attention, and practical execution.
Led by Heru Nur Rahman, S.T., M.M., M.H., Harsanityasa draws on more than 15 years of experience in financial consulting and debt restructuring across sectors including textile, oil and gas, property, telecommunications, and agribusiness, supported by a multidisciplinary foundation in engineering, finance, and law.
Leadership
Heru Nur Rahman
S.T., M.M., M.H.
Heru Nur Rahman advises on debt restructuring, financially stressed situations, and matters requiring careful alignment among lenders, shareholders, management teams, and other stakeholders.
His experience combines financial analysis, restructuring strategy, and practical coordination across commercial, financing, and legal workstreams. This breadth supports a measured approach in situations where decisions must be commercially sound and executable.
He holds academic training from Institut Teknologi Bandung, Prasetiya Mulya Business School, and Universitas Indonesia.
Services
Core service lines
Stakeholder Negotiations
Support lender, creditor, sponsor, and management dialogue with a coherent restructuring narrative.
Liquidity & Recovery Planning
Build immediate stabilization plans, short-term cash visibility, and scenario-based recovery options.
Distressed Situations Review
Review business fundamentals, risks, covenant pressure, and strategic alternatives in stressed contexts.
PKPU & Bankruptcy Advisory Support
Support the financial advisory workstream in PKPU and bankruptcy proceedings alongside legal counsel, administrators, or curators.
Special Situations Research
Surface market developments, comparable cases, and sector signals that influence restructuring outcomes.
Approach
A clear process for messy situations
Assess
Establish the true financial position, urgency, and stakeholder map.
Stabilize
Prioritize immediate liquidity, communications, and decision rights.
Structure
Model the restructuring options and define a realistic path forward.
Execute
Support negotiations, milestones, and implementation discipline.
Sector Experience
Relevant operating contexts
Harsanityasa’s sector perspective reflects experience in industries where leverage, liquidity management, and stakeholder coordination can materially affect outcomes.
Textile
Restructuring advisory context in sectors exposed to margin pressure and working-capital volatility.
Oil and Gas
Stakeholder-heavy situations where financing structure and operating pressure can converge quickly.
Property
Developer and asset-backed situations with layered creditor and project-related complexity.
Telecommunications
Capital-intensive businesses where liability management and strategic execution discipline are essential.
Cattle Production
Operating businesses with sector-specific cash flow, supply chain, and restructuring considerations.
Special Situations
Mandates requiring financial analysis, negotiation support, and coordination across legal and commercial workstreams.
Market Journal
Daily intelligence of the world we live in
The Market Journal tracks macro market catalysts, regional capital movement, and local Indonesian developments that may influence financing conditions, restructuring dynamics, and decision-making for borrowers, creditors, sponsors, and investors.
Editorial Focus
- What it means: interpreting current intelligence for decision-makers.
- How it influences Indonesian businesses: exposure, timing, and financing implications.
- What to do about it: response priorities where Harsanityasa can support.
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Weekly Articles
Long-form views from the Market Journal
Harsanityasa publishes longer essays on the geopolitical, financial, and restructuring themes shaping Indonesian business decisions. Articles open directly on site, with a document download available where needed.
August 2026
The Credibility Premium: One Root, Four Funding Pressures
One repricing is connecting sovereign yields, monetary caution, private credit, and corporate restructuring.
Fiscal credibility is being repriced across the funding system. Higher sovereign benchmarks constrain Bank Indonesia's policy flexibility, institutional capital is seeking more selective private structures, and Indonesia's state-linked and distressed businesses face harder choices about support, consolidation, and restructuring. For companies, the answer is earned credibility: reliable information, realistic liquidity planning, and alternatives prepared before a lender or court controls the timetable.
Article Library
Built for weekly publication
The article archive sits alongside the daily Market Journal and gives space for full arguments, source notes, and practical implications for borrowers, creditors, and decision-makers.
PKPU & Bankruptcy Monitor
Selected public signals on Indonesian restructurings
The monitor highlights public reporting on PKPU and bankruptcy matters in Indonesia, drawing from reputable local news coverage and case-related reporting rather than direct court-system scraping.
| Latest Market Signal | Period | Assorted Sources |
|---|
Open PKPU & Bankruptcy archive
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Why Harsanityasa
What clients and counterparties should expect
Senior Attention
Mandates are approached with direct involvement and judgment rather than delegated execution.
Independent View
Advice is structured around the commercial realities of the situation and the interests that must be aligned.
Practical Structuring
Recommendations are intended to be negotiated, documented, and carried through to implementation.
Discreet Execution
Sensitive situations require disciplined communication and careful handling across stakeholders.
Market Awareness
Ongoing monitoring of credit, restructuring, and court developments informs decision-making.
Indonesia Context
The firm’s perspective is shaped by local market conditions, stakeholder practice, and restructuring realities.
Cross-Disciplinary Thinking
Financial, operational, and legal considerations are assessed together rather than in isolation.
Contact
Request a confidential discussion
For confidential discussions relating to debt restructuring, stressed situations, or stakeholder coordination, please get in touch directly.
Email
heru@harsanityasa.com
Phone
+62 811 199 751
Office Base
Jakarta, Indonesia
Focus
Debt restructuring and special situations