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Credit Rescue: Ensuring Business Continuity and Financial Stability Amidst a Pandemic

Sri Budi PurwaningsihFaculty of Business, Law and Social Sciences, Universitas Muhammadiya Sidoarjo, Sidoarjo, IndonesiaMisti HariasihFaculty of Business, Law and Social Sciences, Universitas Muhammadiya Sidoarjo, Sidoarjo, IndonesiaIndri Fogar SusilowatiFaculty of Business, Law and Social Sciences, Universitas Muhammadiya Sidoarjo, Sidoarjo, IndonesiaAkhmadjon TaniyevFaculty of Economics, Samarkand Branch of Tashkent State University of Economics, Samarkand, Uzbekistan

Advances in Social Science, Education and Humanities Research/Advances in social science, education and humanities researchjournal2023en

ABI

Annotatsiya

This study investigates how Rural Credit Banks changed credit agreements to save credit during the COVID-19 pandemic and the legal protection for debtors and creditors in credit rescue.Using a legislation (statute approach), the study finds that Rural Banks used novation, subrogation, cessie, and other addendum agreements to change credit agreements and save credit.Legal protection for debtors allows them to rearrange their cash flow to repay loans and maintain their businesses.Meanwhile, Rural Banks receive interest income and improve credit collectibility, ensuring the bank's health.The study concludes that written agreements provide legal certainty and protection for both parties during credit rescue.

Mavzular

COVID-19 Pandemic Impacts

Identifikatorlar

DOI: 10.2991/978-2-38476-052-7_68

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