Two new procedures are proposed: an agreement between debtors and creditors, subject to certain conditions, will allow partial debt relief. For debtors who have no chance of reaching such an agreement, reorganisation proceedings through bankruptcy will be possible, again subject to conditions.
Safeguards will be introduced to prevent abuse and excessive losses for creditors. Cantons will have to ensure that indebted persons have access to advisory services on the new procedures.
More
More
Swiss company bankruptcies rise to record high in 2024
This content was published on
The number of Swiss company bankruptcies increased by 15% to a record 11,506 in 2024.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Swiss Abroad
Aussie adoptee gains Swiss citizenship at 54 thanks to old envelope
This content was published on
Switzerland is one of the frontrunners at investing in technology start-ups, according to a study by the European Patent Office.
Geneva university challenges ‘hot Jupiter’ planetary theories
This content was published on
Research led by the University of Geneva challenges current theories about the formation of 'hot Jupiter' planetary systems.
Swiss drone flights suspended after India incident
This content was published on
Swiss army suspends ADS 15 reconnaissance drone flights following an incident involving a drone of the same type in India.
Zurich traffic signs get gender diversification makeover
This content was published on
The little men depicted on Zurich street signs are to be joined by women, pregnant women, lesbian couples or senior citizens with walking sticks.
This content was published on
A Swiss study suggests that the Gulf Stream hasn’t weakened yet, but it’s too early to sound the all-clear on future climate change.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.