Bankruptcy law switzerland

  • How do I declare bankruptcy in Switzerland?

    You must submit a request to declare yourself bankrupt.
    The form can be obtained from your local bankruptcy office.
    In some cantons (Zurich, for example), the functions of bankruptcy offices are carried out by notary offices.
    You must submit a detailed list of all debt claims against you along with the application..

  • How to file for bankruptcy in Switzerland?

    You must apply to the competent court at your place of residence.
    The debt counselling centre will help you to do this.
    If the court accepts the request, it will suspend the debt enforcement proceedings by ordering a deferral and appoint an administrator..

  • What happens if you don't pay debt in Switzerland?

    The debt enforcement office can order your assets and income to be distrained to pay the creditor's claims.
    Distraint is a procedure in which the authorities can instruct your employer to transfer the distrainable portion of your future salary directly to the debt enforcement office..

  • What is the Swiss Act on debt Enforcement and bankruptcy?

    Under Swiss law, the enforcement procedure to recover debts of money is governed by the Swiss Federal Act on Debt Enforcement and Bankruptcy (DEBA) [Loi fédérale sur la poursuite pour dettes et la faillite, LP] of 11 April 1889 (SR 281.1)..

  • Insolvency compensation covers open salary claims for an employment relationship for a maximum of four months at a rate of 100%.
    Any 13th month salaries or bonuses, vacation or public holiday compensation are considered on a pro rata basis.
    However, a maximum salary of CHF 12,350 per month can be compensated.
  • Involuntary bankruptcy is a legal proceeding through which creditors request that a person or business go into bankruptcy.
    Creditors can request involuntary bankruptcy if they think that they will not be paid if bankruptcy proceedings don't take place.
  • The debt enforcement office can order your assets and income to be distrained to pay the creditor's claims.
    Distraint is a procedure in which the authorities can instruct your employer to transfer the distrainable portion of your future salary directly to the debt enforcement office.
  • The debt moratorium is a Swiss legal instrument which allows financially distressed companies to improve their survival prospects through an in-court procedure.
    In the past years, the percentage of companies undergoing a debt moratorium and achieving a successful outcome was up to 60%.
  • Under Swiss law, the enforcement procedure to recover debts of money is governed by the Swiss Federal Act on Debt Enforcement and Bankruptcy (DEBA) [Loi fédérale sur la poursuite pour dettes et la faillite, LP] of 11 April 1889 (SR 281.1).
Bankruptcy (Konkurs / faillite) must be declared by the competent cantonal court on the request of the creditor. Once it is declared, the debtor loses all control over his assets and business, and the cantonal bankruptcy office (BO) establishes a provisional inventory of the assets.
In Switzerland, a personal bankruptcy is a procedure that aims to declare a private person insolvent. By choosing to declare himself insolvent and if a judge recognizes his bankruptcy, a private person can benefit from a special treatment that leads to hold all his debts and proceeding.
In Switzerland, bankruptcy is declared when a legal entity or a private person inscribed in the Commercial Register has not paid a debt or it has ceased to pay 
The proceedings of debt collection by bankruptcy under Swiss law are roughly comparable to those under Chapter 7 of the U.S. bankruptcy code. Bankruptcy (Konkurs / faillite) must be declared by the competent cantonal court on the request of the creditor.
The proceedings of debt collection by bankruptcy under Swiss law are roughly comparable to those under Chapter 7 of the U.S. bankruptcy code. Bankruptcy (Konkurs / faillite) must be declared by the competent cantonal court on the request of the creditor.
The recovery and insolvency of companies incorporated in Switzerland is governed by the Swiss Code of Obligations (CO) and the Swiss Debt Enforcement and 
When are you declared bankrupt? In Switzerland, bankruptcy is declared when a legal entity or a private person inscribed in the Commercial Register has not paid a debt or it has ceased to pay a debt.
Bankruptcy law switzerland
Bankruptcy law switzerland

Supreme court of Switzerland

The Federal Supreme Court of Switzerland is the supreme court of the Swiss Confederation and at the head of the Swiss judiciary.
Federal Supreme Court of Switzerland

Federal Supreme Court of Switzerland

Supreme court of Switzerland

The Federal Supreme Court of Switzerland is the supreme court of the Swiss Confederation and at the head of the Swiss judiciary.

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