Composition moratorium

In Swiss debt enforcement, a composition moratorium suspends or limits individual enforcement so a debtor can seek a restructuring solution or composition agreement with creditors. It is ordered and supervised by the competent court, often with an administrator who reviews the debtor’s affairs and creditor interests. The moratorium may lead to a confirmed composition agreement, restructuring measures, or bankruptcy if rescue fails. It is an important alternative to immediate liquidation and affects deadlines, attachments, and creditors’ enforcement options.