Order of Priority

In contrast to bankruptcy proceedings, where all assets are liquidated and all creditors take part and (perhaps) receive a share of the proceedings, in enforced collection and recovery proceedings only the creditors participate who initiated the proceedings within three months of the first initiation.

Creditors who initiated proceedings after the three month limit form a separate group. All creditors within a group participate according to the same order of priority as for bankruptcy. See Order of Priority on www.bankruptcy.ch for more information.

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