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
» Default summons
» Objections against default summons
» Continuation of enforced collection
» Realization of collateral
» Order of Priority