Abstract :
This study aims to determine the bankruptcy prediction on property and real estate companies listed on the Indonesia Stock Exchange during the period of 2007-2011 . By using the Altman Z -Score to see how big the bankruptcy prediction property and real estate companies . Sample collection method is purposive sampling and collected a sample of 32 companies . The data used is presented in the financial statements ICMD . The analysis technique used is the model prediski Altman Z -Score bankruptcy . Z -Score formula = 6.56 X1 + 3.26 X2 + 6.72 X3 + 1.05 X4 with assessment criteria Z - Score> 2.6 were categorized as healthy companies , 1.1 < Z -score < 2.6 are in gray areas and Z -Score < 1.1 categorized bankrupt . During the observation period in 2007 showed a total of 14 bankrupt , in 2008 as many as 12 companies went bankrupt , in 2009 as many as 11 companies went bankrupt , the company went bankrupt in 2010 as many as 7 and 2011 by 5 companies in insolvency . X1 variables most contribute to the results of the Z -Score . Almost all companies that are in bankruptcy area always has a negative value of X1.