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FREEZING ORDERS

Information about freezing orders / distraint orders in Switzerland

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INTRODUCTION: FREEZING ORDER / DISTRAINT ORDER

If your debtor refuses to pay, a distraint order or freezing order to seize his
property is a way to enforce or secure payment.

DEFINITION: DISTRAINT ORDER / FREEZING ORDER

A distraint order is used to secure assets of a debtor and render them for
liquidation in order to satisfy a creditor.

This page contains information on the subject of freezing orders / distraint
orders in Switzerland:

» Terminology: enforcement proceedings, seizure of assets, distraint order, etc.

» Differentiation: distraint orders – debt enforcement

» Prerequisites: due claim, grounds, object of distraint order

» Procedures: motion for distraint, content of distraint order, execution, etc.

LEGAL FOUNDATION:

The Swiss federal code of Debt enforcement and recovery (SchKG) contains rules
governing distraint orders / freezing orders.

FURTHER LEGAL INFORMATION ON DEBT RECOVERY / INSOLVENCY IN SWITZERLAND

» Bankruptcy

» Enforcement of Secured Claims

» Enforcement Proceedings Leading to Seizure of Assets

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 * Introduction: Freezing Order / Distraint Order
 * Table of Content
 * Terminology
 * Differentiation
 * Prerequisites
 * Procedures
   * Motion for distraint
   * Content of distraint order
   * Execution of distaint order
   * Post distraint order Action
   * Dismissal of motion for distraint
   * Responsibilities
   * Cost of proceedings
   * International cases
 * Links to further legal topics
 * Imprint
 * Disclaimer
 * Appointment
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AUTHOR / EDITOR



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by LAWMEDIA

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AUTHOR / EDITOR



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CH-8001 Zurich

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+41 (0)44 268 40 00

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Authoring rights: Bürgi Nägeli Lawyers

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