20 March 2018

I don't agree with the schedule of claims – what now?

Schedule of claims  – What is it all about?
Once bankruptcy proceedings have been opened over a debtor, the bankruptcy administration must prepare an inventory to determine the extent of the bankruptcy estate. By means of public notice, the creditors and debtors of the bankrupt are requested to come forward (so-called call for claims). Within one month, the creditors must file their claims or other demands against the bankrupt with the bankruptcy administration. Subsequently, the bankruptcy administration draws up a list of claims.
The bankruptcy administration checks the registered claims and decides whether it recognizes them and, if so, in what amount and rank. Based on these decisions, it draws up the schedule of claims. It is a schedule showing the order in which the claims of the various creditors should be satisfied. The rejected demands are also marked on the schedule of claims, together with the reason for the rejection.

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15 February 2018

Piercing the corporate veil in debt enforcement

Can a creditor, for the purposes of enforcement against the debtor company, access the assets of the individual shareholders? Can the real estate owned by a family foundation be seized, or property owned by the foundation be utilised, against the founder's debts for the enforcement of tax debts of a founder? These and other questions arise in the context of the so-called "piercing of the corporate veil".

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14 December 2017

Basel Swiss Civil Procedure Code (CPC) Day: News in Civil Procedure and Enforcement Law

The Basel CPC-Day 2017 held on 3 November 2017 (see here for the program - in German only) dealt with current practical questions and news concerning the various kinds of civil procedures and enforcement. Particularly important for both creditors and debtors are that an element of risk is no longer required for an attachment based on a judgment and that there are new trends regarding interrupting the statute of limitations by debt enforcement.

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