Introduction: Enforcement of secured claims

Enforcement of secured claims in Switzerland

If a debtor doesn’t pay on time or refuses to pay at all, the creditor can initiate recovery and collection action against the debtor that result in the seizure and liquidation of the debtor’s asset that was provided as collateral against the debt.

» Terminology: enforcement proceedings, seizure of assets, secured debt, etc.

» Differentiation: enforcement of unsecured –  secured debt, bankruptcy

» System

» Default summons

» Objections against default summons

» Continuation of enforced collection

» Realization of collateral

» Order of Priority

Legal foundation of enforcement of secured claims

Swiss Debt Enforcement and Bankruptcy Law (SchKG)

Further Legal Information on Debt Recovery / Insolvency in Switzerland

» Bankruptcy

» Freezing Orders

» Enforcement Proceedings Leading to Seizure of Assets