Article
Swiss Parliament Modernizes Debt Enforcement System And Introduces Two New Debt Restructuring Proceedings For Individuals
The Swiss Parliament has enacted two major reforms to the Federal Debt Enforcement and Bankruptcy Act, ushering in a new era of digitalization and creating Switzerland's first dedicated debt restructuring mechanisms for private individuals. These changes introduce electronic debt enforcement registers, online auctions, and the possibility of residual debt discharge, fundamentally transforming Swiss insolvency law for creditors, debtors, and practitioners alike.
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