Opening bankruptcy proceedings during COVID-19 pandemic – Newsletters – International Law Office

Two main avenues exist for opening bankruptcy proceedings over a Swiss company:

• a creditor can initiate the procedure via debt enforcement; or
• the company can file a petition for bankruptcy with the court.

In some rare cases, a creditor may call for bankruptcy without prior enforcement (fast-track bankruptcy application).

Any creditor may initiate debt enforcement proceedings against a Swiss company for unpaid debts. These proceedings may result in the company’s bankruptcy that is, the total liquidation of its assets with the…