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Insolvency law of Switzerland

Index Insolvency law of Switzerland

The insolvency law of Switzerland is the law governing insolvency, foreclosure, bankruptcy and debt restructuring proceedings in Switzerland. [1]

28 relations: Asset, Bankruptcy, Brussels Regime, Cantons of Switzerland, Chapter 11, Title 11, United States Code, Chapter 7, Title 11, United States Code, Conflict of laws, Debt restructuring, Federal Chancellery of Switzerland, Federal Department of Economic Affairs, Education and Research, Foreclosure, Fraudulent conveyance, Insolvency, Liquidation, Mortgage law, Obligation, Orell Füssli, Party (law), Pledge (law), Prima facie, Public auction, Stämpfli Racing Boats, Swiss franc, Swissair, Switzerland, Unfair preference, Venue (law), Wolters Kluwer.

Asset

In financial accounting, an asset is an economic resource.

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Bankruptcy

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.

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Brussels Regime

The Brussels Regime is a set of rules regulating which courts have jurisdiction in legal disputes of a civil or commercial nature between individuals resident in different member states of the European Union (EU) and the European Free Trade Association (EFTA).

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Cantons of Switzerland

The 26 cantons of Switzerland (Kanton, canton, cantone, chantun) are the member states of the Swiss Confederation.

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Chapter 11, Title 11, United States Code

Chapter 11 is a chapter of Title 11, the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.

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Chapter 7, Title 11, United States Code

Chapter 7 of the Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States (in contrast, Chapters 11 and 13 govern the process of reorganization of a debtor in bankruptcy).

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Conflict of laws

Conflict of laws concerns relations across different legal jurisdictions between natural persons, companies, corporations and other legal entities, their legal obligations and the appropriate forum and procedure for resolving disputes between them.

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Debt restructuring

Debt restructuring is a process that allows a private or public company, or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations.

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Federal Chancellery of Switzerland

The Federal Chancellery of Switzerland (Bundeskanzlei, Chancellerie fédérale, Cancelleria federale) is a department-level agency of the federal administration of Switzerland.

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Federal Department of Economic Affairs, Education and Research

The Federal Department of Economic Affairs, Education and Research (EAER, Eidgenössisches Departement für Wirtschaft, Bildung und Forschung; Département fédéral de l'économie, de la formation et de la recherche; Dipartimento federale dell'economia, della formazione e della ricerca) is one of the seven departments of the federal government of Switzerland, headed by a member of the Swiss Federal Council.

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Foreclosure

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

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Fraudulent conveyance

A fraudulent conveyance, or fraudulent transfer, is an attempt to avoid debt by transferring money to another person or company.

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Insolvency

Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent.

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Liquidation

In United Kingdom, Republic of Ireland and United States law and business, liquidation is the process by which a company is brought to an end.

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Mortgage law

A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money.

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Obligation

An obligation is a course of action that someone is required to take, whether legal or moral.

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Orell Füssli

Orell Füssli is a Swiss printing and bookselling company, established by Christoph Froschauer in the 16th century.

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Party (law)

A party is a person or group of persons that compose a single entity which can be identified as one for the purposes of the law.

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Pledge (law)

A pledge is a bailment that conveys possessory title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or obligation and to the mutual benefit of both parties.

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Prima facie

Prima facie is a Latin expression meaning on its first encounter or at first sight.

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Public auction

A public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government, or property which is sold under the authority of a court of law or a government agency with similar authority.

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Stämpfli Racing Boats

Stämpfli Racing Boats is a British-based manufacturer of rowing boats.

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Swiss franc

The franc (sign: Fr. or SFr.; Franken, French and Romansh: franc, franco; code: CHF) is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia.

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Swissair

Swissair AG/S.A. (German: Schweizerische Luftverkehr-AG; French: S.A. Suisse pour la Navigation Aérienne) was the national airline of Switzerland between its founding in 1931 and bankruptcy in 2002.

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Switzerland

Switzerland, officially the Swiss Confederation, is a sovereign state in Europe.

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Unfair preference

An unfair preference (or "voidable preference") is a legal term arising in bankruptcy law where a person or company transfers assets or pays a debt to a creditor shortly before going into bankruptcy, that payment or transfer can be set aside on the application of the liquidator or trustee in bankruptcy as an unfair preference or simply a preference.

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Venue (law)

Venue (law) is the location where a case is heard.

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Wolters Kluwer

Wolters Kluwer N.V. is a global information services company.

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Redirects here:

SchKG, Swiss insolvency law, The insolvency law of Switzerland.

References

[1] https://en.wikipedia.org/wiki/Insolvency_law_of_Switzerland

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