Insights
Adjudication of Bankruptcy Without Prior Debt Enforcement
As a general rule, creditors with outstanding claims must first initiate debt enforcement before they can file a petition in bankruptcy. However, if a creditor's interests are at particular risk or if a company has completely ceased making payments, bankruptcy can be opened without prior debt enforcement.
How Can Claims in Bitcoin or Other Cryptocurrencies Be Enforced?
The law stipulates particular requirements for the enforcement of money claims. Whether a claim must be made in Swiss francs or in a foreign currency must be checked for each individual case and process. The same applies to claims in Bitcoin or other cryptocurrencies.