The opening of insolvency or debt-restructuring proceedings can
lead to considerable uncertainties for the parties involved.
Employees want to know whether they receive their wages, social
security funds are interested in getting paid all outstanding
contributions; all creditors of the company would like to receive
clarity about the dividend they are entitled to and other
interested persons may want to know who the creditors of the
company are. In any case, the parties involved have one thing in
common: they are all interested in information about the company
and the status of the insolvency or debt-restructuring proceedings.
The question is how to get the relevant information.
Insolvency proceedings in Switzerland are initiated by a court
decision. After the commencement of insolvency proceedings the
trustee must determine the assets of the company and the claims of
the creditors. As soon as the trustee has gained an overview of the
assets and liabilities, he can
